Using Tradeable Permits to Achieve Sustainability in the World's Large Cities: Policy Design Issues and Efficiency Conditions for Controlling Vehicle Emissions, Congestion and Urban Decentralization with an Application to Mexico City

@article{Goddard1997UsingTP,
  title={Using Tradeable Permits to Achieve Sustainability in the World's Large Cities: Policy Design Issues and Efficiency Conditions for Controlling Vehicle Emissions, Congestion and Urban Decentralization with an Application to Mexico City},
  author={Haynes C. Goddard},
  journal={Environmental and Resource Economics},
  year={1997},
  volume={10},
  pages={63-99}
}
  • H. Goddard
  • Published 1997
  • Economics
  • Environmental and Resource Economics
Many large cities in the world have serious ground level ozone problems, largely the product of vehicular emissions and thus the argued unsustainability of current urban growth patterns is frequently blamed on unrestricted private vehicle use. This article reviews Mexico City's experience with vehicle use restrictions as an emissions control program and develops the conditions for optimal quantitative restrictions on vehicle use and for complementary abatement technologies. The stochastic… Expand
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