Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical Analysis
AbstractThe cost-saving advantages of market mechanisms such as tradable permits and emission taxes have been promoted by economists since the early 1970s. The research reported in this paper simulates their application to the Forth Estuary in Scotland comparing such policies with regulation of output levels for emissions. Potential resource cost savings are identified under two alternative targets. However, there are serious obstacles to the attainment of these savings. We also consider the distributional aspects of the policy alternatives.
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Bibliographic InfoPaper provided by University of Stirling, Division of Economics in its series Working Papers Series with number 92/2.
Date of creation: Jan 1992
Date of revision:
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Postal: Division of Economics, University of Stirling, Stirling, Scotland FK9 4LA
Phone: +44 (0)1786 467473
Fax: +44 (0)1786 467469
Web page: http://www.econ.stir.ac.uk/
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Other versions of this item:
- Hanley, Nick D & Moffatt, Ian, 1993. "Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 40(1), pages 69-87, February.
- Hanley Hanley, 1992. "Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical analysis," Working Papers 842, Queen's University, Department of Economics.
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- Tao Wang, 2006. "Cost Effectiveness in River Management: Evaluation of Integrated River Policy System in Tidal Ouse," Working Papers 2006.142, Fondazione Eni Enrico Mattei.
- Dafna Eshel, 2005. "Optimal Allocation of Tradable Pollution Rights and Market Structures," Journal of Regulatory Economics, Springer, vol. 28(2), pages 205-223, 09.
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- Kjell Sunnevåg, 2003. "Auction Design for the Allocation of Emission Permits in the Presence of Market Power," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 26(3), pages 385-400, November.
- Kampas, Athanasios & Mamalis, Spyridon, 2006. "Assessing the Distributional Impacts of Transferable Pollution Permits: The Case of Phosphorus Pollution Management at a River Basin Scale," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 7(2), August.
- Kampas, Athanasios & White, Ben, 2003. "Selecting permit allocation rules for agricultural pollution control: a bargaining solution," Ecological Economics, Elsevier, vol. 47(2-3), pages 135-147, December.
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