Market-based environmental policies

Simple item page
dc.contributor.authorStavins, R. N.en
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.date.accessioned2016-04-19T18:55:22Zen
dc.date.available2016-04-19T18:55:22Zen
dc.date.issued1998en
dc.descriptionMetadata only recorden
dc.description.abstractSome eighty years ago, economists first proposed the use of corrective taxes to internalize environmental and other externalities. Fifty years later, the portfolio of potential economic-incentive instruments was expanded to include quantity-based mechanisms tradable permits. Thus, economic-incentive approaches to environmental protection are clearly not a new policy idea, and over the past two decades, they have held varying degrees of prominence in environmental policy discussions. This paper summarizes U.S. experiences with such market-based policy instruments, including: pollution charges; deposit-refund systems; tradable permits; market barrier reductions; and government subsidy reductions. No particular form of government intervention, no individual policy instrument whether market-based or conventional is appropriate for all environmental problems. Which instrument is best in any given situation depends upon a variety of characteristics of the environmental problem, and the social, political, and economic context in which it is being regulated. There is no policy panacea. Indeed, the real challenge for bureaucrats, elected officials, and other participants in the environmental policy process comes in analyzing and then selecting the best instrument for each situation that arises. [JEL, Q28].en
dc.format.mimetypetext/plainen
dc.identifier939en
dc.identifier.citationResources for the Future, Discussion Paper 98-26en
dc.identifier.urihttp://hdl.handle.net/10919/65835en
dc.language.isoen_USen
dc.publisherResources for the Futureen
dc.rightsIn Copyrighten
dc.rights.holderCopyright 1998 Resources for the Future.en
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectTariffsen
dc.subjectEconomic policyen
dc.subjectEnvironmental impactsen
dc.subjectCommon marketsen
dc.subjectEnvironmental servicesen
dc.subjectTrade regulationsen
dc.subjectPollution controlen
dc.subjectEnvironmental lawen
dc.subjectMarket-based instrumentsen
dc.subjectPigovian taxesen
dc.subjectTradable permitsen
dc.subjectDeposit-refund systems.en
dc.subjectGovernanceen
dc.titleMarket-based environmental policiesen
dc.typeAbstracten
dc.type.dcmitypeTexten

Files

Collections

Sustainable Agriculture and Natural Resource Management (SANREM) Knowledgebase