Does Nature Limit Environmental Federalism?

V. Smith, Kurt Schwabe () and Carol Mansfield

No 10684, Discussion Papers from Resources for the Future

Abstract: This research considers whether the principles developed to analyze the optimal jurisdiction for producing public goods can be applied in cases where regulations of private activities provide the primary means to deliver different amounts of public and quasi-public goods. The analysis evaluates how devolution affects the development of benefit cost analyses for regulations and the role of economic versus environmental factors in defining the extent of the regulatory market. Using a study of nutrient control for the Neuse River in North Carolina, the analysis develops area specific measures of the benefits and costs of regulations and illustrates how changes in the composition of the areas allowed to "count" for policy design can affect decisions about the levels of control judged to meet the net benefit test.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 35
Date: 1997
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Does Nature Limit Environmental Federalism? (1997)
Working Paper: Does Nature Limit Environmental Federalism? (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rffdps:10684

DOI: 10.22004/ag.econ.10684

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