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Economic Incentives and the Containment of Global Warming

Author

Listed:
  • 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.

Suggested Citation

  • Wallace E. Oates & Paul R. Portney, 1992. "Economic Incentives and the Containment of Global Warming," Eastern Economic Journal, Eastern Economic Association, vol. 18(1), pages 85-98, Winter.
    • Handle: RePEc:eej:eeconj:v:18:y:1992:i:1:p:85-98
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume18/V18N1P85_98.pdf
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    References listed on IDEAS

    as
    1. Robert W. Hahn, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(4), pages 753-765.
    2. 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, vol. 79(5), pages 1233-1242, December.
    3. William J. Baumol & Wallace E. Oates, 1971. "The Use of Standards and Prices for Protection of the Environment," Palgrave Macmillan Books, in: Peter Bohm & Allen V. Kneese (ed.), The Economics of Environment, pages 53-65, Palgrave Macmillan.
    4. 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.
    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.
    6. Nordhaus, William D, 1991. "A Sketch of the Economics of the Greenhouse Effect," American Economic Review, American Economic Association, vol. 81(2), pages 146-150, May.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Philippe De Lombaerde & Anja de Kimpe, 2000. "Global trade interdependence and the Co2 emission elasticity with respect to economic growth in Japan, the United States and western Europe," Ensayos de Economía 9472, Universidad Nacional de Colombia Sede Medellín.
    2. Ian W.H. Parry & Roberton C. Williams III & Lawrence H. Goulder, 2002. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 25, pages 471-503, Edward Elgar Publishing.
    3. Richard Schwindt & Aidan R. Vining & David Weimer, 2003. "A Policy Analysis of the BC Salmon Fishery," Canadian Public Policy, University of Toronto Press, vol. 29(1), pages 73-93, March.
    4. 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, vol. 21(3-4), pages 347-373, August.
    5. Svendsen, Gert Tinggaard, 1998. "A general model for CO2 regulation: the case of Denmark," Energy Policy, Elsevier, vol. 26(1), pages 33-44, January.
    6. Pankaj Tiwari, 2023. "Influence of the Green Brand Image on the Green Word of Mouth of Millennials: a Mediation Study on Banks," Public Organization Review, Springer, vol. 23(1), pages 59-78, March.

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    More about this item

    Keywords

    Regulation;

    JEL classification:

    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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