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Economic Instruments for Environmental Regulation

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Author Info
Tietenberg, T H
Abstract

Our knowledge about economic incentive approaches to pollution control has grown rapidly in the two decades in which they have received serious analytical attention. Not only have the theoretical models become more focused and the empirical work more detailed, but we have now had over a decade of experience with emissions trading in the U.S. and emission charges in Europe. As the world community becomes increasingly conscious of both the need to tighten environmental controls and the local economic perils associated with tighter controls in a highly competitive global marketplace, it seems a propitious time to stand back and to organize what we have learned about this practical and promising approach to pollution control that may be especially relevant to current circumstances. This paper draws upon economic theory, empirical studies, and actual experience with implementation to provide a brief overview of some of the major lessons we have learned about two economic incentive approaches--emissions tradi Copyright 1990 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 6 (1990)
Issue (Month): 1 (Spring)
Pages: 17-33
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Handle: RePEc:oup:oxford:v:6:y:1990:i:1:p:17-33

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  1. Raúl O'Ryan, 2002. "Factors that Determine the Efficiency Ranking of Second-Best Instruments for Environmental Regulation," Documentos de Trabajo 147, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
  2. Blackman, Allen & Harrington, Winston, 1998. "Using Alternative Regulatory Instruments to Control Fixed Point Air Pollution in Developing Countries: Lessons from International Experience," Discussion Papers dp-98-21, Resources For the Future. [Downloadable!]
  3. Morten Søberg, 2000. "Imperfect competition, sequential auctions, and emissions trading: An experimental evaluation," Discussion Papers 280, Research Department of Statistics Norway. [Downloadable!]
  4. J. Krawczyk, 1995. "Controlling a dam to environmentally acceptable standards through the use of a Decision Support Tool," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(3), pages 287-304, April. [Downloadable!] (restricted)
  5. Cavanagh, Sheila & Hahn, Robert & Stavins, Robert, 2001. "National Environmental Policy During the Clinton Years," Working Paper Series rwp01-027, Harvard University, John F. Kennedy School of Government. [Downloadable!]
    Other versions:
  6. Levinson, Arik & Shetty, Sudhir, 1992. "Los Angeles, Mexico City, Cubatao, and Ankara - Efficient environmental regulation : case studies of urban air pollution," Policy Research Working Paper Series 942, The World Bank. [Downloadable!]
  7. R. Devlin & R. Grafton, 1994. "Tradeable permits, missing markets, and technology," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(2), pages 171-186, April. [Downloadable!] (restricted)
    Other versions:
  8. Theodore Panayotou, 2000. "Environmental Sustainability and Services in Developing Global City Regions," CID Working Papers 55, Center for International Development at Harvard University. [Downloadable!]
  9. Simon Niemeyer, 1998. "Consumer-based carbon reduction incentives," Working Papers in Ecological Economics 9805, Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program. [Downloadable!]
  10. Brockmann, Karl Ludwig & Koschel, Henrike & Schmidt, Tobias F.N., 1998. "Tradable SO-2-permits in the European Union : a practicable scheme for public utilities," ZEW Discussion Papers 98-15, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  11. Joost Pennings & Willem Heijman & Matthew Meulenberg, 1997. "The Dimensions of Rights: A Classification of Environmental Rights and Production Rights," European Journal of Law and Economics, Springer, vol. 4(1), pages 55-72, January. [Downloadable!] (restricted)
  12. Edwards, T. Huw & Hutton, John P., 1999. "The Allocation of Carbon Permits within One Country : A General Equilibrium Analysis of the United Kingdom," The Warwick Economics Research Paper Series (TWERPS) 540, University of Warwick, Department of Economics. [Downloadable!]
  13. Nils-Henrik Mørch von der Fehr, 1993. "Tradable emission rights and strategic interaction," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(2), pages 129-151, April. [Downloadable!] (restricted)
    Other versions:
  14. Charles Perrings & David Pearce, 1994. "Threshold effects and incentives for the conservation of biodiversity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(1), pages 13-28, February. [Downloadable!] (restricted)
  15. María Teresa Ruiz-Tagle, 2006. "What are the Determinants of Environmental Compliance in the Chilean manufacturing Industry? A case study," Environmental Economy and Policy Research Working Papers 17.2006, University of Cambridge, Department of Land Economics, revised 2006. [Downloadable!]
  16. Blackman, Allen & Harrington, Winston, 1999. "The Use of Economic Incentives in Developing Countries: Lessons from International Experience with Industrial Air Pollution," Discussion Papers dp-99-39, Resources For the Future. [Downloadable!]
  17. C. Rendleman & Kenneth Reinert & James Tobey, 1995. "Market-based systems for reducing chemical use in agriculture in the United States," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(1), pages 51-70, January. [Downloadable!] (restricted)
  18. Nir Becker & Mira Baron & Mordechai Shechter, 1993. "Economic instruments for emission abatement under appreciable technological indivisibilities," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(3), pages 263-284, June. [Downloadable!] (restricted)
  19. Kutschukian, Jean-Marc, 2008. "A Framework For The Economic Evaluation Of Environmental Science," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6026, Australian Agricultural and Resource Economics Society. [Downloadable!]
  20. Considine, Timothy J. & Larson, Donald F.
    , 2004. "The environment as a factor of production," Policy Research Working Paper Series 3271, The World Bank. [Downloadable!]
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  21. Willem Heijman & Mordechai Shechter, 1993. "Introduction," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(3), pages 217-220, June. [Downloadable!] (restricted)
  22. Delmas, Magali & Marcus, Alfred, 2003. "Firms' Choice of Regulation Instruments to Reduce Pollution: A Tansaction Cost Approach," Research Papers 1806, Stanford University, Graduate School of Business. [Downloadable!]
  23. Ger Klaassen & Andries Nentjes, 1997. "Creating Markets for Air Pollution Control in Europe and the USA," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 10(2), pages 125-146, September. [Downloadable!] (restricted)
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