Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical analysis

Nick Hanley

No 842, Working Paper from Economics Department, Queen's University

Abstract: The cost-saving advantages of market mechanisms such as tradable permits and emission taxes have been promoted by economists since the early 1970s. The research reported in this paper simulates their application to the Forth Estuary in Scotland comparing such policies with regulation of output levels for emissions. Potential resource cost savings are identified under two alternative targets. However, there are serious obstacles to the attainment of these savings. We also consider the distributional aspects of the policy alternatives.

Keywords: water pollution control: tradable permits; emission taxes; biological oxygen demand (search for similar items in EconPapers)
Date: 1992-01
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Citations: View citations in EconPapers (3)

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http://qed.econ.queensu.ca/working_papers/papers/qed_wp_842.pdf First version 1992 (application/pdf)

Related works:
Journal Article: Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical Analysis (1993)
Working Paper: Efficiency and Distributional Aspects of Market Mechanisms in the Control of Pollution: An Empirical Analysis (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:842

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