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| Oates, Wallace E.; Portney, Paul R.. |
| This paper provides a review and assessment of the extensive literature on the political determination of environmental regulation. A promising theoretical literature has emerged relatively recently that provides models of the political interaction of government with various interest groups in the setting of environmental standards and the choice of regulatory instruments. A large empirical literature supports such models, finding evidence of the influence of interest groups but also evidence that net social benefits are often an important determinant of environmental policy choices. We then take up the issue of environmental federalism and the large and growing theoretical literature that addresses the competitive "race to the bottom." The paper concludes... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental regulation; Environmental management; Environmental policy; Environmental Economics and Policy; Q2; H1. |
| Ano: 2001 |
URL: http://purl.umn.edu/10849 |
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| Parry, Ian W.H.; Oates, Wallace E.. |
| This paper first describes the new literature in environmental economics on the socalled "double dividend" and then explores its implications for a broad range of economic issues. The basic finding in this literature is that in a second-best, general equilibrium setting, environmental measures raise costs and prices and thereby reduce the real wage. This rise in the cost of living reduces slightly the quantity of labor supplied in an already highly distorted labor market, giving rise to losses in social welfare that can be large relative to the basic welfare gains from improved environmental policy. These losses may be offset to some extent by using revenues (if any) from the environmental programs to reduce existing taxes on labor. This same line of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Regulatory policies; Welfare effects; Pre-existing taxes; General equilibrium; Environmental Economics and Policy; L51; H23; D52. |
| Ano: 1998 |
URL: http://purl.umn.edu/10687 |
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