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Environmental Economics AgEcon
Stavins, Robert N..
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.
Tipo: Working or Discussion Paper Palavras-chave: Environmental economics; Efficiency; Cost-effectiveness; Benefit-cost analysis; Market-based instruments; Tradeable permits; Pollution taxes; Environmental Economics and Policy; K320; Q280; Q380; Q480.
Ano: 2004 URL: http://purl.umn.edu/10841
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VALUING TRADEABLE CO2 PERMITS FOR OECD COUNTRIES AgEcon
Karp, Larry S.; Liu, Xuemei.
We estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradeable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.
Tipo: Working or Discussion Paper Palavras-chave: Tradeable permits; Greenhouse gasses; Carbon reductions; Environmental Kuznets curve; F17; Q28; Q43; Farm Management.
Ano: 1998 URL: http://purl.umn.edu/25054
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Welfare Gains under Tradeable CO₂ Permits AgEcon
Karp, Larry S.; Liu, Xuemei.
Most environmentalists favor the reduction in CO2 emissions but oppose international trade in emissions permits Although economic theory provides a strong case in favor of trade in permits) there is little empirical evidence of the size of potential benefits. We estimate the benefits of this trade for OECD countries.
Tipo: Working or Discussion Paper Palavras-chave: Tradeable permits; Greenhouse gasses; Carbon reductions; Environmental Economics and Policy; F17; Q28; Q43.
Ano: 1999 URL: http://purl.umn.edu/6254
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