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Vintage-differentiated regulation (VDR) is a common feature of many environmental and other regulatory policies … more stringent regulation. In the most common application, often referred to as grandfathering, units produced prior to a … specific date are exempted from new regulation or face less stringent requirements. The vintage-differentiated approach appeals …
Persistent link: https://www.econbiz.de/10014061351
Vintage-differentiated regulations (VDRs) are standards that are fixed with respect to the date of entry of regulated units, with later vintages facing more stringent standards. VDRs play prominent roles under major Federal, state, and local environmental laws. This paper synthesizes what is...
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This paper provides an overview of the U.S. experience with market-based instruments with four categories: emission charges, tradeable permit systems,market friction reduction, and government subsidy reduction. Following that, I examine normative lessons that can be learned from these...
Persistent link: https://www.econbiz.de/10011596907
We review major developments in national environmental policy during the Clinton Administration, defining environmental policy to include not only the statutes, regulations, and policies associated with reducing pollution, but also major issues of public lands management and species...
Persistent link: https://www.econbiz.de/10011596918
Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the...
Persistent link: https://www.econbiz.de/10011597106
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...
Persistent link: https://www.econbiz.de/10011597377
Environmental policy discussions increasingly focus on issues related to technological change. This is partly because the environmental consequences of social activity are frequently affected by the rate and direction of technological change, and partly because environmental policy interventions...
Persistent link: https://www.econbiz.de/10014023934