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Market-Based Environmental Policies: What Can We Learn from U.S. Experience (and Related Research)?

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  • Stavins, Robert N.

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This paper reviews lessons that can be learned from U.S. experiences with market-based environmental policies and from related research. Highlights of U.S. experience are summarized with four categories of policy instruments: pollution charges; tradable permits; market friction reductions; and government subsidy reductions. Normative lessons are considered in three areas: design and implementation; analysis of prospective and adopted systems; and identification of new applications. Positive political economy lessons are also reviewed.
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  • Stavins, Robert N., 2003. "Market-Based Environmental Policies: What Can We Learn from U.S. Experience (and Related Research)?," Discussion Papers 10726, Resources for the Future.
  • Handle: RePEc:ags:rffdps:10726
    DOI: 10.22004/ag.econ.10726
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    6. Sarker, Ashutosh & Ross, Helen & Shrestha, Krishna K., 2008. "A common-pool resource approach for water quality management: An Australian case study," Ecological Economics, Elsevier, vol. 68(1-2), pages 461-471, December.
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