Government Failure and Market Failure: On the Inefficiency of Environmental and Energy Policy
AbstractIn this essay, we describe some important themes in energy and environmental policy. There are two main reasons for our interest in these policies. First, such policies will likely be important in the coming decades as issues related to climate change and energy security come to the fore. Second, there are important lessons to be learned from a careful review of the actual performance of energy and environmental policies. We undertake a selective survey of the literature to highlight what is known about the efficiency of particular kinds of policies, laws and regulations in these areas.
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Bibliographic InfoPaper provided by Regulation2point0 in its series Working paper with number 6.
Date of creation: Nov 2009
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- David Anthoff & Robert Hahn, 2010. "Government failure and market failure: on the inefficiency of environmental and energy policy," Oxford Review of Economic Policy, Oxford University Press, vol. 26(2), pages 197-224, Summer.
- NEP-ALL-2010-08-14 (All new papers)
- NEP-ENE-2010-08-14 (Energy Economics)
- NEP-ENV-2010-08-14 (Environmental Economics)
- NEP-REG-2010-08-14 (Regulation)
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