Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile

34 Pages Posted: 24 Dec 2008

See all articles by Jessica Coria

Jessica Coria

Department of Economics, University of Gothenburg

Thomas Sterner

Göteborg University - Department of Economics

Date Written: December 18, 2008

Abstract

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program's performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago's experience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries.

Keywords: air pollution, environmental policy, tradable permits, developing countries

JEL Classification: Q53, Q58

Suggested Citation

Coria, Jessica and Sterner, Thomas, Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile (December 18, 2008). RFF Discussion Paper No. 08-51, Available at SSRN: https://ssrn.com/abstract=1318250 or http://dx.doi.org/10.2139/ssrn.1318250

Jessica Coria (Contact Author)

Department of Economics, University of Gothenburg ( email )

Vasagatan 1
Goteborg, 40530
Sweden

Thomas Sterner

Göteborg University - Department of Economics ( email )

Göteborg
Sweden

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