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Equity, efficiency and environmental quality

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  • George Daly
  • Thomas Mayor

Abstract

Many government policies ostensibly designed to serve allocative ends appear to be driven primarily if not exclusively by redistributive considerations. This paper analyzes one such policy, the New Source Performance Standards of the Clean Air Act of 1977, using data derived principally from studies commissioned by and known to those involved in the policy making process. These data are used to produce estimates of the magnitude and relative efficiency of the wealth transfers effected by the policy. Among our conclusions are that, at least with respect to this particular episode, (a) environmental regulation is an extremely inefficient method of transferring wealth and (b) transfers between groups within regions of the U.S. are large relative to transfers between those regions. Copyright Martinus Nijhoff Publishers 1986

Suggested Citation

  • George Daly & Thomas Mayor, 1986. "Equity, efficiency and environmental quality," Public Choice, Springer, vol. 51(2), pages 141-159, January.
    • Handle: RePEc:kap:pubcho:v:51:y:1986:i:2:p:141-159
    DOI: 10.1007/BF00125995
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    References listed on IDEAS

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    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
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    5. Johnson, William R & Browning, Edgar K, 1983. "The Distributional and Efficiency Effects of Increasing the Minimum Wage: A Simulation," American Economic Review, American Economic Association, vol. 73(1), pages 204-211, March.
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    7. Danziger, Sheldon & Haveman, Robert & Plotnick, Robert, 1981. "How Income Transfer Programs Affect Work, Savings, and the Income Distribution: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 19(3), pages 975-1028, September.
    8. Richard A. Posner, 1971. "Taxation by Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 22-50, Spring.
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    10. Richard A. Posner, 1975. "The Social Costs of Monopoly and Regulation," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 45-65, Springer.
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