Environmental Economics

Robert Stavins

RFF Working Paper Series 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; efficiency; cost-effectiveness; benefit-cost analysis; market-based instruments; tradeable permits; pollution taxes (search for similar items in EconPapers)
JEL-codes: K32 Q28 Q38 Q48 (search for similar items in EconPapers)
Date: 2004-12-20
New Economics Papers: this item is included in nep-agr and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://www.rff.org/RFF/documents/RFF-DP-04-54.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rff.org/RFF/documents/RFF-DP-04-54.pdf [301 Moved Permanently]--> https://www.rff.org/RFF/documents/RFF-DP-04-54.pdf)

Related works:
Working Paper: Environmental Economics (2007)
Working Paper: Environmental Economics (2004)
Working Paper: Environmental Economics (2004)
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:rff:dpaper:dp-04-54

Access Statistics for this paper

More papers in RFF Working Paper Series from Resources for the Future Contact information at EDIRC.
Bibliographic data for series maintained by Resources for the Future ().