Economic Incentives and the Containment of Global Warming
This paper explores the role for economic instruments in the control of global warming. It begins with a review of what theory and practice have taught us about these instruments--pollution taxes and systems of transferable permits--in the pursuit of domestic environmental management. It then extends this analysis to a global framework and examines some of the difficult issues that arise in the design and implementation of such policy measures for the regulation of global emissions of greenhouse gases.
Volume (Year): 18 (1992)
Issue (Month): 1 (Winter)
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- Oates, Wallace E & Portney, Paul R & McGartland, Albert M, 1989. "The Net Benefits of Incentive-Based Regulation: A Case Study of Environmental Standard Setting," American Economic Review, American Economic Association, vol. 79(5), pages 1233-1242, December.
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- James M. Poterba, 1991. "Tax Policy to Combat Global Warming: On Designing a Carbon Tax," NBER Working Papers 3649, National Bureau of Economic Research, Inc.
- Nordhaus, William D, 1991. "A Sketch of the Economics of the Greenhouse Effect," American Economic Review, American Economic Association, vol. 81(2), pages 146-150, May.
- Robert W. Hahn, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, Oxford University Press, vol. 99(4), pages 753-765.