Scandinavian Working Papers in Economics

Working Papers in Economics,
University of Gothenburg, Department of Economics

No 390: To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile

Jessica Coria (), Åsa Löfgren () and Thomas Sterner ()
Additional contact information
Jessica Coria: Department of Economics, School of Business, Economics and Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG
Åsa Löfgren: Department of Economics, School of Business, Economics and Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG
Thomas Sterner: Department of Economics, School of Business, Economics and Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG

Abstract: Whether tradable permits are appropriate for use in transition and developing economies—given special social and cultural circumstances, such as the lack of institutions and lack of expertise with marketbased policies—is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allow us to study what factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries.

Keywords: Tradable Permits; Developing Countries; Environmental Policy; Environmental Institutions

JEL-codes: Q56; Q58; R52

33 pages, October 23, 2009

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Published as
Jessica Coria, Åsa Löfgren and Thomas Sterner, (2010), 'To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile', Journal of Environmental Management, vol 91(11), pages 2126-2133

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