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The Second-Best Use of Social Cost Estimates

Author

Listed:
  • Burtraw, Dallas
  • Krupnick, Alan J.

Abstract

A significant literature has developed to estimate the damages to third parties from new electricity generation technologies. This paper focuses on how such estimates can be profitably used in the present regulatory environment, and in the potential new environment that may result from restructuring in the electricity industry.

Suggested Citation

  • Burtraw, Dallas & Krupnick, Alan J., 1996. "The Second-Best Use of Social Cost Estimates," Discussion Papers 10693, Resources for the Future.
    • Handle: RePEc:ags:rffdps:10693
    DOI: 10.22004/ag.econ.10693
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    File URL: https://ageconsearch.umn.edu/record/10693/files/dp960029.pdf
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    References listed on IDEAS

    as
    1. Dallas Burtraw & Karen Palmer & Alan J. Krupnick, 1997. ""Second-Best" Adjustments to Externality Estimates in Electricity Planning with Competition," Land Economics, University of Wisconsin Press, vol. 73(2), pages 224-239.
    2. Karen Palmer & Alan Krupnick & Hadi Dowlatabadi & Stuart Siegel, 1995. "Social Costing of Electricity in Maryland: Effects on Pollution, Investment, and Prices," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-26.
    3. repec:bla:econom:v:38:y:1971:i:152:p:347-61 is not listed on IDEAS
    4. Krupnick, Alan J. & Burtraw, Dallas, 1996. "The social costs of electricity: Do the numbers add up?," Resource and Energy Economics, Elsevier, vol. 18(4), pages 423-466, December.
    5. Daniel E. Dodds & Jonathan A. Lesser, 1994. "Can Utility Commissions Improve on Environmental Regulations?," Land Economics, University of Wisconsin Press, vol. 70(1), pages 63-76.
    6. Dillingham, Alan E, 1985. "The Influence of Risk Variable Definition on Value-of-Life Estimates," Economic Inquiry, Western Economic Association International, vol. 23(2), pages 277-294, April.
    7. William T. Dickens, 1990. "Assuming The Can Opener: Hedonic Wage Estimates and the Value of Life," NBER Working Papers 3446, National Bureau of Economic Research, Inc.
    8. repec:fek:papers:doi:10.5085/0898-5510-3.3.51 is not listed on IDEAS
    9. Andrews, Clinton J., 1992. "The marginality of regulating marginal investments : Why we need a systemic perspective on environmental externality adders," Energy Policy, Elsevier, vol. 20(5), pages 450-463, May.
    10. Ian W.H. Parry, 2002. "Pollution Taxes and Revenue Reycling," Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 15, pages 235-248, Edward Elgar Publishing.
    11. Oates, Wallace E, 1983. "The Regulation of Externalities: Efficient Behavior by Sources and Victims," Public Finance = Finances publiques, , vol. 38(3), pages 362-375.
    12. John Tschirhart, 1994. "On the Use of 'Adders' by Public Utility Commissions," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 121-128.
    13. Burtraw, Dallas & Krupnick, Alan J., 1996. "The second-best use of social cost estimates," Resource and Energy Economics, Elsevier, vol. 18(4), pages 467-489, December.
    14. Lawrence Goulder, 1995. "Environmental taxation and the double dividend: A reader's guide," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 2(2), pages 157-183, August.
    15. Bernow, Stephen & Biewald, Bruce & Marron, Donald, 1991. "Full-cost dispatch: Incorporating environmental externalities in electric system operation," The Electricity Journal, Elsevier, vol. 4(2), pages 20-33, March.
    16. Karen Palmer & Hadi Dowlatabadi, 1993. "Implementing Social Costing in the Electric Utility Industry1," Energy & Environment, , vol. 4(3), pages 197-220, September.
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    Cited by:

    1. Mariam, Yohannes, 2002. "The Implication of Incorporating Environmental Costs in Utility Rate Setting," MPRA Paper 412, University Library of Munich, Germany.
    2. Vennemo, Haakon & Halseth, Arve, 2001. "Environmental regulation of a power investment in an international market," Resource and Energy Economics, Elsevier, vol. 23(2), pages 157-173, April.
    3. Burtraw, Dallas & Krupnick, Alan J., 1996. "The second-best use of social cost estimates," Resource and Energy Economics, Elsevier, vol. 18(4), pages 467-489, December.
    4. Spencer Banzhaf, H. & Burtraw, Dallas & Palmer, Karen, 2004. "Efficient emission fees in the US electricity sector," Resource and Energy Economics, Elsevier, vol. 26(3), pages 317-341, September.

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