Economics and Environmental Policy

About this book

Contains eighteen essays, written over a twenty year period, by a man who has help shape environmental policy in terms of the policy instruments at our disposal and the institutions who implement and enforce these tools.

Contents

Part 1 Introduction. Part 2 Pollution control policies: controlling pollution by price and standard systems - a general equilibrium analysis; specific taxes and the control of pollution - a general equilibrium analysis; derived decision rules for pollution control in a general equilibrium space economy; spatially differentiated air pollutant emission charges - an economic and legal analysis; transferable discharge permits and the control of stationary source air pollution - a survey and synthesis; the empirical properties of two classes of designs for transferable discharge permit markets; approaches for reaching ambient standards in nonattainment areas - financial burden and efficiency considerations; economic implications of emissions trading rules for local and regional pollutants; market failure in incentive-based regulation - the case of emissions trading; uncommon sense - the programme to reform pollution control policy; economic instruments for environmental regulation. Part 3 Environmental law: indivisible toxic torts - the economics of joint and several liability; the structure of penalties in environmental enforcement - an economic analysis; private enforcement of federal environmental law. Part 4 Sustainable development policies: the poverty connection to environmental policy; managing the transition - the potential role for economic policies; substitution bias in a depletable resource model with administered prices; an international system of tradeable CO2 entitlements - implications for economic development.

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