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Stavins, Robert N.. |
Some eighty years ago, economists first proposed the use of corrective taxes to internalize environmental and other externalities. Fifty years later, the portfolio of potential economic-incentive instruments was expanded to include quantity-based mechanisms--tradable permits. Thus, economic-incentive approaches to environmental protection are clearly not a new policy idea, and over the past two decades, they have held varying degrees of prominence in environmental policy discussions. This paper summarizes U.S. experiences with such market-based policy instruments, including: pollution charges; deposit-refund systems; tradable permits; market barrier reductions; and government subsidy reductions. No particular form of government intervention, no individual... |
Tipo: Working or Discussion Paper |
Palavras-chave: Market-based instruments; Pigovian taxes; Tradable permits; Deposit-refund systems; Environmental Economics and Policy; Q28. |
Ano: 1998 |
URL: http://purl.umn.edu/10506 |
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