The Use of Standards and Prices for Protection of the Environment

William Baumol and Wallace Oates

A chapter in The Economics of Environment, 1971, pp 53-65 from Palgrave Macmillan

Abstract: Abstract In the Pigouvian tradition, economists have frequently proposed the adoption of a system of unit taxes (or subsidies) to control externalities, where the tax on a particular activity is equal to the marginal social damage it generates. In practice, however, such an approach has rarely proved feasible because of our inability to measure marginal social damage.

Keywords: Biochemical Oxygen Demand; Acceptability Standard; Smoke Emission; Unit Taxis; Waste Emission (search for similar items in EconPapers)
Date: 1971
References: Add references at CitEc
Citations: View citations in EconPapers (277)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01379-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349013791

DOI: 10.1007/978-1-349-01379-1_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().