IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789814612449_0002.html
   My bibliography  Save this book chapter

Market Failures And Policy Responses

In: SUSTAINABLE INVESTING AND ENVIRONMENTAL MARKETS Opportunities in a New Asset Class

Author

Listed:
  • Richard Sandor
  • Murali Kanakasabai
  • Rafael Marques
  • Nathan Clark

Abstract

Economic theories and concepts are needed to understand the role of markets in addressing pollution. This chapter analyzes environmental problems from the perspective of market failure, explores several solutions to environmental problems, and provides numerical examples to better illustrate the advantages of some of these solutions. A description on the evolution of markets in general and environmental markets in particular is also presented. While most people would agree that market-based solutions are superior to command-and-control measures, there is an ongoing debate regarding the desirability of market solutions versus taxes and subsidies.

Suggested Citation

  • Richard Sandor & Murali Kanakasabai & Rafael Marques & Nathan Clark, 2014. "Market Failures And Policy Responses," World Scientific Book Chapters, in: SUSTAINABLE INVESTING AND ENVIRONMENTAL MARKETS Opportunities in a New Asset Class, chapter 2, pages 15-34, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814612449_0002
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789814612449_0002
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789814612449_0002
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789814612449_0002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.