Construct · 1 fields · 1 citations

cap and trade: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
cap andtrade1 CONSTRUCTCap and tradeMONTGOMERY · ENVIRONMENTAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Environmental economics

a system of tradable pollution permits under an overall cap that achieves the target at least total cost.

In environmental economics, cap and trade refers to a system of tradable pollution permits under an overall cap that achieves the target at least total cost. This meaning comes from Montgomery (1972) in Journal of Economic Theory.[1]

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Nearby constructs

cost4 fields · 4 citationsjingle · one word, four constructsmarket-based environmental policy instruments1 fields · 1 citationsanchor · a standalone constructtarget4 fields · 6 citationsjingle · one word, four constructs

References

  1. Montgomery, W. D. (1972). Markets in licenses and efficient pollution control programs. Journal of Economic Theory, 5(3), 395-418. https://doi.org/10.1016/0022-0531(72)90049-x

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