Permits to pollute
The issue of tradable permits, or cap-and-trade schemes is a important one at the moment, and it is a relevant solution to …
Carbon markets – will they work?
One of the solutions to market failure that you need to understand is the use of tradable permits. The article explains how …
Rainforests and tradable permits
One solution that is proposed for solving market failure, and in particular a negative externality of production, is that of a system …