Economics, Economists, and Environmental Policy
This paper is the Presidential Address to the Sixteenth Annual Convention of the Eastern Economic Association. It offers some reflections on the role that economics has, and can, play in the determination of environmental policy. These reflections address the choice of policy instruments for pollution control and the locus of regulatory authority. A review of economic instruments suggests that effluent fees may offer more protection against costly errors than does a system of transferable emission permits. Compelling arguments exist for greater decentralization of some environmental measures; environmental federalism can allow for measures that are tailored more closely to "local" conditions.
Volume (Year): 16 (1990)
Issue (Month): 4 (Oct-Dec)
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- M. L. Weitzman, 1973.
"Prices vs. Quantities,"
106, Massachusetts Institute of Technology (MIT), Department of Economics.
- Peltzman, Sam & Tideman, T Nicolaus, 1972. "Local versus National Pollution Control: Note," American Economic Review, American Economic Association, vol. 62(5), pages 959-963, December.
- Mestelman, Stuart, 1982. "Production externalities and corrective subsidies: A general equilibrium analysis," Journal of Environmental Economics and Management, Elsevier, vol. 9(2), pages 186-193, June.
- Terkla, David, 1984. "The efficiency value of effluent tax revenues," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 107-123, June.
- Robert W. Hahn, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, Oxford University Press, vol. 99(4), pages 753-765.
- Hahn, Robert W, 1989. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 95-114, Spring.
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