allowances, although not because of the likely effects of allowance banking and trading.. Positive and Normative Lessons from SO2 Allowance Trading. Journal of Economic Perspectives, Volume 12, Number 3, pages 69-88, Summer 1998.. File Format: PDFAdobe Acrobat - View as HTML The widely acknowledged innovation of Title IV of the 1990 Clean Air Act Amendments is sulfur dioxide allowance trading, which is designed to encourage the. Lessons Learned from SO2 Discount Auto Allowance Trading. by Robert N. Stavins. The most ambitious application yet undertaken of a market-based instrument

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  12. (very much) trading in order to be. Trading: Does It Work?" (Frank. Ackerman and William Moomaw,. Aug.Sept. '97), and "SO2 Allowance. Trading: How Do Expectations and. Experience Measure Up?. The paper compares the performance

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    to. The SO2 Emissions Trading Program: Cost Savings without Allowance Trades. Contemporary Econ. Policy 14 (April 1996):

7994.