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Can Water Pollution Policy Be Efficient?

Author

Listed:
  • Jerome W. Milliman

    (University of Florida, Gainesville)

Abstract

In 1972 Congress established the Federal Water Pollution Control Act in which the Environmental Protection Agency was given responsibility to “restore and maintain the chemical, physical, and biological integrity of the nation’s waters.’’ Two national goals of “swimmable and fishable†in 1983 and ‘‘zero-discharge†in 1985 were set forth...

Suggested Citation

  • Jerome W. Milliman, 1982. "Can Water Pollution Policy Be Efficient?," Cato Journal, Cato Journal, Cato Institute, vol. 2(1), pages 165-204, Spring.
    • Handle: RePEc:cto:journl:v:2:y:1982:i:1:p:165-204
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    References listed on IDEAS

    as
    1. Buchanan, James M & Tullock, Gordon, 1975. "Polluters' Profits and Political Response: Direct Controls Versus Taxes," American Economic Review, American Economic Association, vol. 65(1), pages 139-147, March.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Lewis, Tracy R., 1981. "Markets and environmental management with a storable pollutant," Journal of Environmental Economics and Management, Elsevier, vol. 8(1), pages 11-18, March.
    4. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    5. Downing, Paul B., 1981. "A political economy model of implementing pollution laws," Journal of Environmental Economics and Management, Elsevier, vol. 8(3), pages 255-271, September.
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    Citations

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    Cited by:

    1. Martin T. Katzman, 1987. "Environmental Risk Management through Insurance," Cato Journal, Cato Journal, Cato Institute, vol. 6(3), pages 775-799, Winter.

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    More about this item

    Keywords

    law; property; pollution; tort; property rights; regulation; government;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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