Environmental Economics

Robert Stavins

No 10841, Discussion Papers from Resources for the Future

Abstract: This article, prepared for the forthcoming second edition of the New Palgrave Dictionary of Economics, provides an overview of the economics of environmental policy. Included are 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.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 22
Date: 2004
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Environmental Economics (2007)
Working Paper: Environmental Economics (2004)
Working Paper: Environmental Economics (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rffdps:10841

DOI: 10.22004/ag.econ.10841

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