Economics, Economists, and Environmental Policy
AbstractThis paper is the Presidential Address to the Sixteenth Annual Convention of the Eastern Economic Association. It offers some reflections on the role that economics has, and can, play in the determination of environmental policy. These reflections address the choice of policy instruments for pollution control and the locus of regulatory authority. A review of economic instruments suggests that effluent fees may offer more protection against costly errors than does a system of transferable emission permits. Compelling arguments exist for greater decentralization of some environmental measures; environmental federalism can allow for measures that are tailored more closely to "local" conditions.
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Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 16 (1990)
Issue (Month): 4 (Oct-Dec)
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Weitzman, Martin L, 1974.
"Prices vs. Quantities,"
Review of Economic Studies,
Wiley Blackwell, vol. 41(4), pages 477-91, October.
- Terkla, David, 1984. "The efficiency value of effluent tax revenues," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 107-123, June.
- Peltzman, Sam & Tideman, T Nicolaus, 1972. "Local versus National Pollution Control: Note," American Economic Review, American Economic Association, vol. 62(5), pages 959-63, December.
- Hahn, Robert W, 1989. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 95-114, Spring.
- Mestelman, Stuart, 1982. "Production externalities and corrective subsidies: A general equilibrium analysis," Journal of Environmental Economics and Management, Elsevier, vol. 9(2), pages 186-193, June.
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