Assessment: Economic Policy towards the Environment
AbstractThe article presents an overview and assessment of economic policy toward the environment. The first part reviews the core theoretical literature. A classification of environmental externalities, differentiated by institutional contexts, is presented. Conventional economic theory approaches are reviewed with their associated strong informational assumptions. These are then relaxed, demonstrating why cooperative solutions to global externalities may prove hard to achieve. Having reviewed the theoretical nature of environmental problems, the article then turns to policy options--including privatization, taxes, and marketable permits--and presents a number of suggestions for future policy. Copyright 1990 by Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 6 (1990)
Issue (Month): 1 (Spring)
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- Crabbé, Philippe, 1990. "Les économistes doivent-ils se mettre au vert?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 66(3), pages 285-304, septembre.
- Oana - Catalina Tapurica & Florin TACHE, 2011. "Quantifying Social Objectives Aiming Pollution Control – An Economic Perspective Upon Strategic Management And Project Management," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 14(2), pages 130-138, November.
- Halkos, George, 2000. "Determining optimal air quality standards: Quantities or prices?," MPRA Paper 42849, University Library of Munich, Germany.
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