Environmental Economics

Robert Stavins

No 13574, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This article provides an overview of the economics of environmental policy, including the setting of goals and targets, notably the Kaldor-Hicks criterion and the related method of assessment known as benefit-cost analysis. Also reviewed are the means of environmental policy, that is, the choice of specific policy instruments, featuring an examination of potential criteria for assessing alternative instruments, with focus on cost-effectiveness. The theoretical foundations and experiential highlights of individual instruments are reviewed, including conventional command-and-control mechanisms and market-based instruments.

JEL-codes: K32 Q28 Q38 Q48 (search for similar items in EconPapers)
Date: 2007-11
New Economics Papers: this item is included in nep-agr, nep-env and nep-law
Note: EEE PE
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Citations: View citations in EconPapers (45)

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Related works:
Working Paper: Environmental Economics (2004)
Working Paper: Environmental Economics (2004)
Working Paper: Environmental Economics (2004)
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