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
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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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- Morch von der Fehr, N-H., 1991.
"Tradable Emission Rights and Strategic Interaction,"
11/1991, Oslo 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.
- 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 & 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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