Optimal Allocation of Tradable Pollution Rights and Market Structures

Markets in licenses and efficient pollution control programs

W. David Montgomery · Journal of Economic Theory · 1972 · 1.8K citations

Social Sciences, Economics, Environmental Management +12

Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market

Severin Borenstein, James Bushnell, Frank A. Wolak · American Economic Review · 2002 · 956 citations · Full text

Natural Resources, Business Economics, Economics +17

What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading

Robert N. Stavins · The Journal of Economic Perspectives · 1998 · 749 citations · Full text

Public Affairs, Economics, Environmental Policy +17

Market Power and Transferable Property Rights

Robert W. Hahn · The Quarterly Journal of Economics · 1984 · 715 citations

Social Sciences, Business Economics, Economics +13

Transmission Rights and Market Power on Electric Power Networks

Paul L. Joskow, Jean Tirole · The RAND Journal of Economics · 2000 · 560 citations · Full text

Natural Resources, Business Economics, Economics +13