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The Second-Best Use of Social Cost Estimates

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  • Burtraw, Dallas

    ()
    (Resources for the Future)

  • Krupnick, Alan

    ()
    (Resources for the Future)

Abstract

A significant literature has developed to estimate the damages to third parties from new electricity generation technologies. This paper focuses on how such estimates can be profitably used in the present regulatory environment, and in the potential new environment that may result from restructuring in the electricity industry.

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Bibliographic Info

Paper provided by Resources For the Future in its series Discussion Papers with number dp-96-29.

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Date of creation: 01 Aug 1996
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Handle: RePEc:rff:dpaper:dp-96-29

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  1. Burtraw, Dallas & Palmer, Karen & Krupnick, Alan, 1995. ""Second-Best" Adjustments to Externality Estimates in Electricity Planning with Competition," Discussion Papers dp-96-04, Resources For the Future.
  2. Daniel E. Dodds & Jonathan A. Lesser, 1994. "Can Utility Commissions Improve on Environmental Regulations?," Land Economics, University of Wisconsin Press, vol. 70(1), pages 63-76.
  3. John Tschirhart, 1994. "On the Use of 'Adders' by Public Utility Commissions," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 121-128.
  4. Krupnick, Alan J. & Burtraw, Dallas, 1996. "The social costs of electricity: Do the numbers add up?," Resource and Energy Economics, Elsevier, vol. 18(4), pages 423-466, December.
  5. Bernow, Stephen & Biewald, Bruce & Marron, Donald, 1991. "Full-cost dispatch: Incorporating environmental externalities in electric system operation," The Electricity Journal, Elsevier, vol. 4(2), pages 20-33, March.
  6. Parry Ian W. H., 1995. "Pollution Taxes and Revenue Recycling," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages S64-S77, November.
  7. Oates, Wallace E, 1983. "The Regulation of Externalities: Efficient Behavior by Sources and Victims," Public Finance = Finances publiques, , vol. 38(3), pages 362-75.
  8. Dillingham, Alan E, 1985. "The Influence of Risk Variable Definition on Value-of-Life Estimates," Economic Inquiry, Western Economic Association International, vol. 23(2), pages 277-94, April.
  9. Burtraw, Dallas & Krupnick, Alan, 1996. "The Second-Best Use of Social Cost Estimates," Discussion Papers dp-96-29, Resources For the Future.
  10. Karen Palmer & Alan Krupnick & Hadi Dowlatabadi & Stuart Siegel, 1995. "Social Costing of Electricity in Maryland: Effects on Pollution, Investment, and Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-26.
  11. Mohring, Herbert & Boyd, J Hayden, 1971. "Analysing 'Externalities': 'Direct Interaction' vs 'Asset Utilization' Frameworks," Economica, London School of Economics and Political Science, vol. 38(152), pages 347-61, November.
  12. Lawrence Goulder, 1995. "Environmental taxation and the double dividend: A reader's guide," International Tax and Public Finance, Springer, vol. 2(2), pages 157-183, August.
  13. William T. Dickens, 1990. "Assuming The Can Opener: Hedonic Wage Estimates and the Value of Life," NBER Working Papers 3446, National Bureau of Economic Research, Inc.
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Cited by:
  1. Spencer Banzhaf, H. & Burtraw, Dallas & Palmer, Karen, 2004. "Efficient emission fees in the US electricity sector," Resource and Energy Economics, Elsevier, vol. 26(3), pages 317-341, September.
  2. Burtraw, Dallas & Krupnick, Alan J., 1996. "The second-best use of social cost estimates," Resource and Energy Economics, Elsevier, vol. 18(4), pages 467-489, December.
  3. Vennemo, Haakon & Halseth, Arve, 2001. "Environmental regulation of a power investment in an international market," Resource and Energy Economics, Elsevier, vol. 23(2), pages 157-173, April.

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