 Regulation in Environmental Markets: What can we learn from Experiments to Reduce Salinity?Charlotte Duke and Lata Gangadharan () No 137857, 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia from Australian Agricultural and Resource Economics Society Abstract: Market based mechanisms are growing in importance in environmental policy making. In theory market based mechanisms equate marginal abatement costs between polluting sources, thereby allocating emissions control responsibility at least cost. The step from theory to field implementation is, however, difficult, as many aspects of policy must be made operational at the same time. Policy mistakes can be very costly to society and are extremely difficult to correct ex-post. Experimental Economics is an innovative method beginning to be used to design, test and illustrate public policy prior to field implementation. In this paper we discuss two types of market incentives, taxes and tradable emissions permits. We then illustrate an experiment being implemented to test these market mechanisms for the management of salinity in the Murray Darling Basin. Keywords: Environmental Economics and Policy; Land Economics/Use; Public Economics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:aare05:137857 Access Statistics for this paper More papers in 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.