Exposure trading: an approach to more efficient air pollution control. Roumasset, J. A & Smith, K. R Journal of Environmental Economics and Management, 18(3):276–291, May, 1990.
Exposure trading: an approach to more efficient air pollution control [link]Paper  doi  abstract   bibtex   
To improve the cost-effectiveness of air pollution control, emissions trading among sources has long been recommended and recently implemented in the U.S.A. Emissions trading is still far from the theoretical optimum, however. We offer the concept of “exposure trading,” which makes the linkage between pollution sources and human health more explicit by focusing on exposure rather than concentration. One result of this shift is that incentives are established for regulated sources to consider unregulated sources, including those indoors, and programs to induce behavioral changes in exposed populations as part of decisions to reduce their costs of exposure control. Rough calculations are provided in several illustrative cases in which equity issues are also discussed.
@article{roumasset_exposure_1990,
	title = {Exposure trading: an approach to more efficient air pollution control},
	volume = {18},
	issn = {00950696},
	shorttitle = {Exposure trading},
	url = {http://linkinghub.elsevier.com/retrieve/pii/009506969090007L},
	doi = {10.1016/0095-0696(90)90007-L},
	abstract = {To improve the cost-effectiveness of air pollution control, emissions trading among sources has long been recommended and recently implemented in the U.S.A. Emissions trading is still far from the theoretical optimum, however. We offer the concept of “exposure trading,” which makes the linkage between pollution sources and human health more explicit by focusing on exposure rather than concentration. One result of this shift is that incentives are established for regulated sources to consider unregulated sources, including those indoors, and programs to induce behavioral changes in exposed populations as part of decisions to reduce their costs of exposure control. Rough calculations are provided in several illustrative cases in which equity issues are also discussed.},
	language = {en},
	number = {3},
	urldate = {2017-05-15},
	journal = {Journal of Environmental Economics and Management},
	author = {Roumasset, James A and Smith, Kirk R},
	month = may,
	year = {1990},
	keywords = {CK, Issue, Unclear},
	pages = {276--291},
}

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