Emissions Markets in Sulfur and Carbon, Transboundary Pollutants

Ellerman, A.D., R. L. Joskow, R. Schmalensee, J-P. Montero, and E. M. Bailey.  Markets for Clean Air: The U.S. Acid Rain Program.  Cambridge, MA: Cambridge University Press, 2000.

Joskow, P. L., R. Shmalensee, and E. M. Bailey.  “The Market for Sulfur Dioxide Emissions.”  Amer. Econ. Rev.   88,4 (September, 1998): 669-685.