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Command-And-Control Or Effluent Allowance Markets: Roles Of Economic Analysis


  • Speir, Cameron
  • Stephenson, Kurt
  • Shabman, Leonard A.


Economists and economic analysis can play different roles in the development of water quality management programs. Economists may develop cost analysis for improving regulatory program implementation or design institutional arrangements for market-like program. We argue that cost analysis may be incompatible with effective advocacy for market-like systems.

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  • Speir, Cameron & Stephenson, Kurt & Shabman, Leonard A., 2000. "Command-And-Control Or Effluent Allowance Markets: Roles Of Economic Analysis," 2000 Annual meeting, July 30-August 2, Tampa, FL 21869, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea00:21869

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    1. Foster, Vivien & Hahn, Robert W, 1995. "Designing More Efficient Markets: Lessons from Los Angeles Smog Control," Journal of Law and Economics, University of Chicago Press, vol. 38(1), pages 19-48, April.
    2. Stavins, Robert, 2004. "Environmental Economics," Working Paper Series rwp04-051, Harvard University, John F. Kennedy School of Government.
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    5. O'Ryan, Raul E., 1996. "Cost-Effective Policies to Improve Urban Air Quality in Santiago, Chile," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 302-313, November.
    6. Catherine L. Kling, 1994. "Emission Trading vs. Rigid Regulations in the Control of Vehicle Emissions," Land Economics, University of Wisconsin Press, vol. 70(2), pages 174-188.
    7. Atkinson, Scott & Tietenberg, Tom, 1991. "Market failure in incentive-based regulation: The case of emissions trading," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 17-31, July.
    8. Fred L. Smith, 1995. "Markets And The Environment: A Critical Reappraisal," Contemporary Economic Policy, Western Economic Association International, vol. 13(1), pages 62-73, January.
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    10. Walter Hecq & Bruno Kestemont, 1991. "A Model of Emission Trading for Minimizing the Cost of Air Pollution Control from Belgian Power Plants," ULB Institutional Repository 2013/65346, ULB -- Universite Libre de Bruxelles.
    11. Boyd, James, 2000. "The New Face of the Clean Water Act: A Critical Review of the EPA's Proposed TMDL Rules," Discussion Papers dp-00-12, Resources For the Future.
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    Cited by:

    1. Stephenson, Kurt & Aultman, Stephen & Shabman, Leonard A., 2006. "An Evaluation of the Virginia Nutrient Credit Trading Program," 2006 Annual meeting, July 23-26, Long Beach, CA 21071, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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