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Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical analysis

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  • Hanley Hanley

Abstract

The cost-saving advantages of market mechanisms such as tradable permits and emission taxes have been promoted by economists since the early 1970s. The research reported in this paper simulates their application to the Forth Estuary in Scotland comparing such policies with regulation of output levels for emissions. Potential resource cost savings are identified under two alternative targets. However, there are serious obstacles to the attainment of these savings. We also consider the distributional aspects of the policy alternatives.

Suggested Citation

  • Hanley Hanley, 1992. "Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical analysis," Working Paper 842, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:842
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    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_842.pdf
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    Cited by:

    1. Wang, Tao, 2006. "Cost Effectiveness in River Management: Evaluation of Integrated River Policy System in Tidal Ouse," Climate Change Modelling and Policy Working Papers 12054, Fondazione Eni Enrico Mattei (FEEM).
    2. Nils-Henrik Mørch von der Fehr, 1993. "Tradable emission rights and strategic interaction," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(2), pages 129-151, April.
    3. Kampas, Athanasios & Mamalis, Spyridon, 2006. "Assessing the Distributional Impacts of Transferable Pollution Permits: The Case of Phosphorus Pollution Management at a River Basin Scale," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 7(2), pages 1-12, July.
    4. Jagath C. Edirisinghe, 2014. "Taxing the Pollution," Journal of South Asian Development, , vol. 9(1), pages 71-90, April.
    5. Dafna Eshel, 2005. "Optimal Allocation of Tradable Pollution Rights and Market Structures," Journal of Regulatory Economics, Springer, vol. 28(2), pages 205-223, September.
    6. Kjell Sunnevåg, 2003. "Auction Design for the Allocation of Emission Permits in the Presence of Market Power," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 26(3), pages 385-400, November.
    7. Wojciechowski, Jan & Miller, Bill R., 1998. "Institutions And Economics Of Pollution Trading," Faculty Series 16684, University of Georgia, Department of Agricultural and Applied Economics.
    8. W. Richard Dubourg, 1997. "Reflections on the meaning of sustainable development in the water sector," Natural Resources Forum, Blackwell Publishing, vol. 21(3), pages 191-200, August.
    9. Kampas, Athanasios & White, Ben, 2003. "Selecting permit allocation rules for agricultural pollution control: a bargaining solution," Ecological Economics, Elsevier, vol. 47(2-3), pages 135-147, December.
    10. Tao Wang, 2006. "Cost Effectiveness in River Management: Evaluation of Integrated River Policy System in Tidal Ouse," Working Papers 2006.142, Fondazione Eni Enrico Mattei.

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