This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Instrument Choice in Environmental Policy Author info | Abstract | Publisher info | Download info | Related research | Statistics Parry, Ian W.H. () (Resources for the Future)
Goulder, Lawrence H.
Additional information is available for the following
registered author(s):
We examine the extent to which various environmental policy instruments meet major evaluation criteria, including cost-effectiveness, distributional equity, minimization of risk in the presence of uncertainty, and political feasibility. Instruments considered include emissions taxes, tradable emissions allowances, subsidies for emissions reductions, performance standards, technology mandates, and research and development subsidies. Several themes emerge. First, no single instrument is clearly superior along all the criteria. Second, significant trade-offs arise in the choice of instrument; for example, assuring a reasonable degree of distributional equity often will require a sacrifice of cost-effectiveness. Third, it is possible and sometimes desirable to design hybrid instruments that combine features of various instruments in their “pure” form. Fourth, for many pollution problems, more than one market failure may be involved, which may justify (on efficiency grounds, at least) employing more than one instrument. Finally, potential overlaps and undesirable interactions among environmental policy instruments are sometimes a matter of concern.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Resources For the Future in its series Discussion Papers with number
dp-08-07.
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Length:
Date of creation: 01 Apr 2008Date of revision:
Handle: RePEc:rff:dpaper:dp-08-07Contact details of provider: Web page: http://www.rff.org More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Webmaster).
Keywords: emissions control instruments cost-effectiveness distributional burden induced innovation Other versions of this item:
Find related papers by JEL classification: Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Kolstad, Charles D., 1996.
"Learning and Stock Effects in Environmental Regulation: The Case of Greenhouse Gas Emissions ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 31(1), pages 1-18, July.
[Downloadable!] (restricted)
Spulber, Daniel F., 1985.
"Effluent regulation and long-run optimality ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 12(2), pages 103-116, June.
[Downloadable!] (restricted)
Pizer, William A., 2002.
"Combining price and quantity controls to mitigate global climate change ,"
Journal of Public Economics ,
Elsevier, vol. 85(3), pages 409-434, September.
[Downloadable!] (restricted)
Burtraw, Dallas & Palmer, Karen & Bharvirkar, Ranjit & Paul, Anthony, 2001.
"The Effect of Allowance Allocation on the Cost of Carbon Emission Trading ,"
Discussion Papers
dp-01-30-, Resources For the Future.
[Downloadable!]
Austin, David & Dinan, Terry, 2005.
"Clearing the air: The costs and consequences of higher CAFE standards and increased gasoline taxes ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 50(3), pages 562-582, November.
[Downloadable!] (restricted)
Don Fullerton & Ann Wolverton, 2000.
"Two Generalizations of a Deposit-Refund System ,"
NBER Working Papers
7505, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Jaffe, Adam B. & Stavins, Robert N., 1994.
"The energy paradox and the diffusion of conservation technology ,"
Resource and Energy Economics ,
Elsevier, vol. 16(2), pages 91-122, May.
[Downloadable!] (restricted)
Zvi Griliches, 1992.
"The Search for R&D Spillovers ,"
NBER Working Papers
3768, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Jung, Chulho & Krutilla, Kerry & Boyd, Roy, 1996.
"Incentives for Advanced Pollution Abatement Technology at the Industry Level: An Evaluation of Policy Alternatives ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 30(1), pages 95-111, January.
[Downloadable!] (restricted)
Lori Bennear & Robert Stavins, 2007.
"Second-best theory and the use of multiple policy instruments ,"
Environmental & Resource Economics ,
European Association of Environmental and Resource Economists, vol. 37(1), pages 111-129, May.
[Downloadable!] (restricted)
Newell, Richard G. & Pizer, William A., 2003.
"Discounting the distant future: how much do uncertain rates increase valuations? ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 46(1), pages 52-71, July.
[Downloadable!] (restricted)
Other versions: Goulder, Lawrence H. & Parry, Ian W. H. & Williams III, Roberton C. & Burtraw, Dallas, 1999.
"The cost-effectiveness of alternative instruments for environmental protection in a second-best setting ,"
Journal of Public Economics ,
Elsevier, vol. 72(3), pages 329-360, June.
[Downloadable!] (restricted)
Other versions:
Burtraw, Dallas & Parry, Ian & Goulder, Lawrence & Williams III, Roberton, 1998.
"The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting ,"
Discussion Papers
dp-98-22, Resources For the Future.
[Downloadable!] Lawrence H. Goulder & Ian W. H. Parry & Roberton C. Williams III & Dallas Burtraw, 1998.
"The Cost-Effectiveness of Alternative Instruments for Environmental Protection in a Second-Best Setting ,"
NBER Working Papers
6464, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) A. Lans Bovenberg & Lawrence H. Goulder & Derek J. Gurney, 2005.
"Efficiency Costs of Meeting Industry-Distributional Constraints Under Environmental Permits and Taxes ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 36(4), pages 950-970, Winter.
Other versions:
Bovenberg, A.L. & Goulder, L.H. & Gurney, D.J., 2003.
"Efficiency costs of meeting industry-distributional constraints under environmental permits and taxes ,"
Discussion Paper
86, Tilburg University, Center for Economic Research.
[Downloadable!] A.L. Bovenberg & Lawrence H. Goulder & Derek J. Gurney, 2003.
"Efficiency Costs of Meeting Industry-Distributional Constraints under Environmental Permits and Taxes ,"
NBER Working Papers
10059, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Greene, David L, 1998.
"Why CAFE worked ,"
Energy Policy ,
Elsevier, vol. 26(8), pages 595-613, July.
[Downloadable!] (restricted)
Jacoby, Henry D. & Ellerman, A. Denny, 2004.
"The safety valve and climate policy ,"
Energy Policy ,
Elsevier, vol. 32(4), pages 481-491, March.
[Downloadable!] (restricted)
Charles I. Jones & John C. Williams, 1998.
"Measuring The Social Return To R&D ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 113(4), pages 1119-1135, November.
[Downloadable!] (restricted)
Other versions: Wright, Brian Davern, 1983.
"The Economics of Invention Incentives: Patents, Prizes, and Research Contracts ,"
American Economic Review ,
American Economic Association, vol. 73(4), pages 691-707, September.
[Downloadable!] (restricted)
Milliman, Scott R. & Prince, Raymond, 1989.
"Firm incentives to promote technological change in pollution control ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 17(3), pages 247-265, November.
[Downloadable!] (restricted)
Stavins, Robert N., 1996.
"Correlated Uncertainty and Policy Instrument Choice ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 30(2), pages 218-232, March.
[Downloadable!] (restricted)
Parry, Ian W. H. & Williams, Roberton III & Goulder, Lawrence H., 1999.
"When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 37(1), pages 52-84, January.
[Downloadable!] (restricted)
Other versions:
Ian W. H. Parry & Roberton C. Williams III & Lawrence H. Goulder, 1997.
"When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets ,"
NBER Working Papers
5967, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Parry, Ian & Goulder, Lawrence & Williams III, Roberton, 1997.
"When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets ,"
Discussion Papers
dp-97-18-rev, Resources For the Future.
[Downloadable!] Heyes, Anthony, 2000.
"Implementing Environmental Regulation: Enforcement and Compliance ,"
Journal of Regulatory Economics ,
Springer, vol. 17(2), pages 107-29, March.
[Downloadable!] (restricted)
Weitzman, Martin L, 1974.
"Prices vs. Quantities ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 41(4), pages 477-91, October.
[Downloadable!] (restricted)
Other versions: Palmer, Karen & Burtraw, Dallas, 2005.
"Cost-effectiveness of renewable electricity policies ,"
Energy Economics ,
Elsevier, vol. 27(6), pages 873-894, November.
[Downloadable!] (restricted)
Other versions:
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Burtraw, Dallas & Evans, David A., 2008.
"Tradable Rights to Emit Air Pollution ,"
Discussion Papers
dp-08-08, Resources For the Future.
[Downloadable!]
Access and
download statistics Did you know? All bibliographic data on IDEAS has been put in the public domain by the publishers.
This page was last updated on 2008-8-8.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .