IDEAS home Printed from https://ideas.repec.org/p/ags/aaea00/21869.html
   My bibliography  Save this paper

Command-And-Control Or Effluent Allowance Markets: Roles Of Economic Analysis

Author

Listed:
  • Speir, Cameron
  • Stephenson, Kurt
  • Shabman, Leonard A.

Abstract

Economists and economic analysis can play different roles in the development of water quality management programs. Economists may develop cost analysis for improving regulatory program implementation or design institutional arrangements for market-like program. We argue that cost analysis may be incompatible with effective advocacy for market-like systems.

Suggested Citation

  • Speir, Cameron & Stephenson, Kurt & Shabman, Leonard A., 2000. "Command-And-Control Or Effluent Allowance Markets: Roles Of Economic Analysis," 2000 Annual meeting, July 30-August 2, Tampa, FL 21869, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea00:21869
    DOI: 10.22004/ag.econ.21869
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/21869/files/sp00sp01.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.21869?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Foster, Vivien & Hahn, Robert W, 1995. "Designing More Efficient Markets: Lessons from Los Angeles Smog Control," Journal of Law and Economics, University of Chicago Press, vol. 38(1), pages 19-48, April.
    2. Jaffe Adam B. & Stavins Robert N., 1995. "Dynamic Incentives of Environmental Regulations: The Effects of Alternative Policy Instruments on Technology Diffusion," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages 43-63, November.
    3. Stavins, Robert, 2004. "Environmental Economics," RFF Working Paper Series dp-04-54, Resources for the Future.
    4. Catherine L. Kling, 1994. "Emission Trading vs. Rigid Regulations in the Control of Vehicle Emissions," Land Economics, University of Wisconsin Press, vol. 70(2), pages 174-188.
    5. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    6. Dallas Burtraw, 1996. "The So2 Emissions Trading Program: Cost Savings Without Allowance Trades," Contemporary Economic Policy, Western Economic Association International, vol. 14(2), pages 79-94, April.
    7. Boyd, James, 2000. "The New Face of the Clean Water Act: A Critical Review of the EPA's Proposed TMDL Rules," Discussion Papers 10850, Resources for the Future.
    8. repec:ulb:ulbeco:2013/136381 is not listed on IDEAS
    9. Kling, Catherine L. & Rubin, Jonathan, 1993. "Emission Saved is an Emission Earned: An Empirical Study of Emission Banking (An)," Staff General Research Papers Archive 1579, Iowa State University, Department of Economics.
    10. Rubin Jonathan & Kling Catherine, 1993. "An Emission Saved Is an Emission Earned: An Empirical Study of Emission Banking for Light-Duty Vehicle Manufacturers," Journal of Environmental Economics and Management, Elsevier, vol. 25(3), pages 257-274, November.
    11. O'Ryan, Raul E., 1996. "Cost-Effective Policies to Improve Urban Air Quality in Santiago, Chile," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 302-313, November.
    12. Atkinson, Scott & Tietenberg, Tom, 1991. "Market failure in incentive-based regulation: The case of emissions trading," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 17-31, July.
    13. Letson, David & Crutchfield, Stephen & Malik, Arun, 1993. "Point-Nonpoint Source Trading for Managing Agricultural Pollutant Loadings: Prospects for Coastal Watersheds," Agricultural Economic Reports 308279, United States Department of Agriculture, Economic Research Service.
    14. Fred L. Smith, 1995. "Markets And The Environment: A Critical Reappraisal," Contemporary Economic Policy, Western Economic Association International, vol. 13(1), pages 62-73, January.
    15. Walter Hecq & Bruno Kestemont, 1991. "A Model of Emission Trading for Minimizing the Cost of Air Pollution Control from Belgian Power Plants," ULB Institutional Repository 2013/65346, ULB -- Universite Libre de Bruxelles.
    16. Boyd, James, 2000. "The New Face of the Clean Water Act: A Critical Review of the EPA's Proposed TMDL Rules," RFF Working Paper Series dp-00-12, Resources for the Future.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stephenson, Kurt & Aultman, Stephen & Shabman, Leonard A., 2006. "An Evaluation of the Virginia Nutrient Credit Trading Program," 2006 Annual meeting, July 23-26, Long Beach, CA 21071, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Solomon, Barry D., 1999. "New directions in emissions trading: the potential contribution of new institutional economics," Ecological Economics, Elsevier, vol. 30(3), pages 371-387, September.
    2. Stavins, Robert & Hahn, Robert & Cavanagh, Sheila, 2001. "National Environmental Policy During the Clinton Years," RFF Working Paper Series dp-01-38, Resources for the Future.
    3. Considine, Timothy J. & Larson, Donald F., 2006. "The environment as a factor of production," Journal of Environmental Economics and Management, Elsevier, vol. 52(3), pages 645-662, November.
    4. Schwabe, Kurt A., 2000. "Modeling state-level water quality management: the case of the Neuse River Basin," Resource and Energy Economics, Elsevier, vol. 22(1), pages 37-62, January.
    5. Tietenberg, Tom, 1998. "Ethical influences on the evolution of the US tradable permit approach to air pollution control," Ecological Economics, Elsevier, vol. 24(2-3), pages 241-257, February.
    6. Newell, Richard G & Stavins, Robert N, 2003. "Cost Heterogeneity and the Potential Savings from Market-Based Policies," Journal of Regulatory Economics, Springer, vol. 23(1), pages 43-59, January.
    7. Stavins, Robert, 2003. "Market-Based Environmental Policies: What Can We Learn from U.S. Experience and Related Research?," Working Paper Series rwp03-031, Harvard University, John F. Kennedy School of Government.
    8. Stavins, Robert & Newell, Richard, 2000. "Abatement-Cost Heterogeneity and Anticipated Savings from Market-Based Environmental Policies," Working Paper Series rwp00-006, Harvard University, John F. Kennedy School of Government.
    9. Revesz, Richard & Stavins, Robert, 2004. "Environmental Law and Policy," Working Paper Series rwp04-023, Harvard University, John F. Kennedy School of Government.
    10. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435, Elsevier.
    11. Walls, Margaret & McConnell, Virginia D., 2004. "Incentive-Based Land Use Policies and Water Quality in the Chesapeake Bay," Discussion Papers 10843, Resources for the Future.
    12. Blackman, Allen & Harrington, Winston, 1998. "Using Alternative Regulatory Instruments to Control Fixed Point Air Pollution in Developing Countries: Lessons from International Experience," RFF Working Paper Series dp-98-21, Resources for the Future.
    13. Blackman, Allen & Harrington, Winston, 1999. "The Use of Economic Incentives in Developing Countries: Lessons from International Experience with Industrial Air Pollution," RFF Working Paper Series dp-99-39, Resources for the Future.
    14. Stavins, Robert, 2001. "Lessons From the American Experiment With Market-Based Environmental Policies," RFF Working Paper Series dp-01-53, Resources for the Future.
    15. Richard Newell & William Pizer & Jiangfeng Zhang, 2005. "Managing Permit Markets to Stabilize Prices," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(2), pages 133-157, June.
    16. Gollehon, Noel R. & Caswell, Margriet & Ribaudo, Marc & Kellogg, Robert L. & Lander, Charles & Letson, David, 2000. "Confined Animal Production And Manure Nutrients," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36382, Western Agricultural Economics Association.
    17. Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
    18. B Hansjürgens, 1998. "The Sulfur Dioxide Allowance-Trading Program in the USA: Recent Developments and Lessons to be Learned," Environment and Planning C, , vol. 16(3), pages 341-361, June.
    19. Feng, Hongli & Zhao, Jinhua, 2006. "Alternative intertemporal permit trading regimes with stochastic abatement costs," Resource and Energy Economics, Elsevier, vol. 28(1), pages 24-40, January.
    20. Kling, Catherine & Rubin, Jonathan, 1997. "Bankable permits for the control of environmental pollution," Journal of Public Economics, Elsevier, vol. 64(1), pages 101-115, April.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea00:21869. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.