Slow Focus : Belief Evolution in the U . S . Acid Rain Program

@inproceedings{Chen2017SlowF,
  title={Slow Focus : Belief Evolution in the U . S . Acid Rain Program},
  author={Cuicui Chen},
  year={2017}
}
This paper explores firm behavior in a new environment by examining private electric utilities’ beliefs about sulfur dioxide allowance prices following the implementation of the U.S. Acid Rain Program in 1995. The Acid Rain Program was the first large-scale effort to limit pollution using a cap-and-trade approach and it exposed the heavily regulated… CONTINUE READING