Marketable permit
Revision as of 09:32, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Marketable permit is a permit that allows a firm to emit a certain amount of pollution, where firms with more permits than pollution can sell the remaining permits to othe...")
Marketable permit is a permit that allows a firm to emit a certain amount of pollution, where firms with more permits than pollution can sell the remaining permits to other firms.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Marketable permit. A permit that allows a firm to emit a certain amount of pollution, where firms with more permits than pollution can sell the remaining permits to other firms.
