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Economic Incentives and the Containment of Global Warming

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  • Wallace E. Oates

    (University of Maryland
    Resources for the Future)

  • Paul R. Portney

    (Resources for the Future)

Abstract

This paper explores the role for economic instruments in the control of global warming. It begins with a review of what theory and practice have taught us about these instruments--pollution taxes and systems of transferable permits--in the pursuit of domestic environmental management. It then extends this analysis to a global framework and examines some of the difficult issues that arise in the design and implementation of such policy measures for the regulation of global emissions of greenhouse gases.

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File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume18/V18N1P85_98.pdf
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Bibliographic Info

Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 18 (1992)
Issue (Month): 1 (Winter)
Pages: 85-98

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Handle: RePEc:eej:eeconj:v:18:y:1992:i:1:p:85-98

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Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
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Web page: http://www.ramapo.edu/eea/journal.html
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Keywords: Regulation;

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References

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  1. Hahn, Robert W, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 99(4), pages 753-65, November.
  2. Lee, Dwight R. & Misiolek, Walter S., 1986. "Substituting pollution taxation for general taxation: Some implications for efficiency in pollutions taxation," Journal of Environmental Economics and Management, Elsevier, vol. 13(4), pages 338-347, December.
  3. Oates, Wallace E & Portney, Paul R & McGartland, Albert M, 1989. "The Net Benefits of Incentive-Based Regulation: A Case Study of Environmental Standard Setting," American Economic Review, American Economic Association, American Economic Association, vol. 79(5), pages 1233-42, December.
  4. Nordhaus, William D, 1991. "A Sketch of the Economics of the Greenhouse Effect," American Economic Review, American Economic Association, American Economic Association, vol. 81(2), pages 146-50, May.
  5. James M. Poterba, 1991. "Tax Policy to Combat Global Warming: On Designing a Carbon Tax," NBER Working Papers 3649, National Bureau of Economic Research, Inc.
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Cited by:
  1. Richard Schwindt & Aidan R. Vining & David Weimer, 2003. "A Policy Analysis of the BC Salmon Fishery," Canadian Public Policy, University of Toronto Press, University of Toronto Press, vol. 29(1), pages 73-93, March.
  2. Ian W. H. Parry & Roberton C. Williams III & Lawrence H. Goulder, 1997. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," NBER Working Papers 5967, National Bureau of Economic Research, Inc.
  3. Parry, Ian W. H. & Williams III, Roberton C., 1999. "A second-best evaluation of eight policy instruments to reduce carbon emissions," Resource and Energy Economics, Elsevier, Elsevier, vol. 21(3-4), pages 347-373, August.

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