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Experience with Market-Based Environmental Policy Instruments AgEcon
Stavins, Robert N..
Environmental policies typically combine the identification of a goal with some means to achieve that goal. This chapter for the forthcoming Handbook of Environmental Economics focuses exclusively on the second component, the means - the "instruments" - of environmental policy, and considers, in particular, experience around the world with the relatively new breed of economic-incentive or market-based policy instruments. I define these instruments broadly, and consider them within four categories: charge systems; tradable permits; market friction reductions; and government subsidy reductions. Within charge systems, I consider: effluent charges, deposit-refund systems, user charges, insurance premium taxes, sales taxes, administrative charges, and tax...
Tipo: Working or Discussion Paper Palavras-chave: Market-based policy; Economic incentives; Tradable permits; Emission taxes; Environmental Economics and Policy; Q28.
Ano: 2001 URL: http://purl.umn.edu/10909
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The Market-based Lead Phasedown AgEcon
Newell, Richard G.; Rogers, Kristian.
The U.S. lead phasedown was effective in meeting its environmental objectives, and did so more quickly with the allowance of permit banking. The marketable lead permit system was highly costeffective, saving hundreds of millions of dollars relative to comparable policies not allowing trading or banking. Estimates suggest that transaction costs brought about only a modest reduction in program efficiency. The market-based nature of the program also provided incentives for more efficient adoption of new lead-removing technology, relative to a uniform standard. Distributionally, it is likely that the program was actually more responsive to the cost concerns of small refiners than a similar uniform standard would have been. The flexibility of the program likely...
Tipo: Working or Discussion Paper Palavras-chave: Lead phasedown; Gasoline; Tradable permit; Market-based policy; Technology adoption; Environmental Economics and Policy; Q25; Q28; Q21.
Ano: 2003 URL: http://purl.umn.edu/10445
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