Abstract/Details

Marketable permits: Managing local, regional, and global commons


2000 2000

Other formats: Order a copy

Abstract (summary)

This dissertation analyzes applicability of marketable permits for managing natural common-pool resources, especially the atmosphere as a sink for carbon dioxide (a global common-pool resource). It focuses on factors affecting “performance” of marketable permits, which is operationalized as: (a) effectiveness to reduce resource overuse, and (b) market liquidity (number of trades, proportion of resource users who trade, and price dispersion). Multiple markets for common-pool resources are examined. These are: sulfur dioxide allowance trading, wetlands mitigation banking, early emission trading programs, Regional Clean Air Incentives Market, lead phase out, and production permits for ozone depleting substances.

Drawing on secondary data, this dissertation employs the Institutional Analysis and Development framework to examine the effects of the following factors on the performance of marketable permits: (1) resource characteristics affecting resource “measurability”; (2) users' characteristics; (3) legal and regulatory environments; and (4) rules regulating users and resource-use.

Three major finds emerge for devising rules to manage the global atmosphere as a sink for carbon dioxide. First, marketable permits perform better when the resource-use is severely limited by an authorized agency and the limits are enforceable at low costs. Given that only countries are parties to the framework Convention on Climate Change, marketable permits for global atmosphere will have to rely on national limits enforced by national governments. Internationally, compliance with national limits will have to be reviewed periodically and non-compliance at the country level sanctioned. Second, countries should have autonomy to devise their own monitoring and enforcement systems. These systems need to be audited regularly by an accredited third-party. Third, within and across countries, differences in the reliability of measuring resource flows attributable to various users, will require non-uniform exchange ratios. These ratios should be determined by the scientific advisory board to the convention, not by market mechanisms. Rather than having as many exchange ratios as resource users, various resource users will be classified into categories. National Regulators should have the autonomy to classify projects into various categories. These categorizations will be reviewed regularly by third-party auditors. Buyer liability will create incentives for correct categorizations.

Indexing (details)


Subject
Political science;
Economics;
Public administration;
Environmental science;
Environmental management;
Permits;
Emissions trading;
Studies
Classification
0615: Political science
0501: Economics
0617: Public administration
0768: Environmental science
Identifier / keyword
Health and environmental sciences; Social sciences; Commons; Global commons; Local commons; Marketable permits; Regional commons
Title
Marketable permits: Managing local, regional, and global commons
Author
Dolsak, Nives
Number of pages
374
Publication year
2000
Degree date
2000
School code
0093
Source
DAI-A 61/03, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9780599706958, 0599706953
Advisor
Ostrom, Elinor; Randolph, J. C.
University/institution
Indiana University
University location
United States -- Indiana
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
9966070
ProQuest document ID
304601978
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/304601978
Access the complete full text

You can get the full text of this document if it is part of your institution's ProQuest subscription.

Try one of the following:

  • Connect to ProQuest through your library network and search for the document from there.
  • Request the document from your library.
  • Go to the ProQuest login page and enter a ProQuest or My Research username / password.