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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- Hahn, Robert W., 1982.
"Market Power and Transferable Property Rights,"
402, California Institute of Technology, Division of the Humanities and Social Sciences.
- 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.
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- Peltzman, Sam & Tideman, T Nicolaus, 1972. "Local versus National Pollution Control: Note," American Economic Review, American Economic Association, vol. 62(5), pages 959-63, December.
- M. L. Weitzman, 1973.
"Prices vs. Quantities,"
106, Massachusetts Institute of Technology (MIT), Department of Economics.
- Terkla, David, 1984. "The efficiency value of effluent tax revenues," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 107-123, June.
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