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    • The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment 

      Schmalensee, Richard; Stavins, Robert Norman (John F. Kennedy School of Government, Harvard University., 2012)
      Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. ...