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What Has Kyoto Wrought? The Real Architecture of International Tradable Permit Markets
Hahn, Robert W.; Stavins, Robert N. - 1999
of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of … greenhouse policy instruments. This is an important issue because the Protocol explicitly provides for domestic sovereignty …-trading approaches such as greenhouse-gas taxes or fixed quantity standards -- which seems likely in the light of previous experience …
Persistent link: https://www.econbiz.de/10009445454
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Experience with Market-Based Environmental Policy Instruments
Stavins, Robert N. - 2001
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/10009446665
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Market-Based Environmental Policies
Stavins, Robert N. - 1998
Some eighty years ago, economists first proposed the use of corrective taxes to internalize environmental and other externalities. Fifty years later, the portfolio of potential economic-incentive instruments was expanded to include quantity-based mechanisms--tradable permits. Thus,...
Persistent link: https://www.econbiz.de/10009445514
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The effect of allowance allocations on cap-and-trade system performance
Hahn, Robert W.; Stavins, Robert N. - 2010
We examine an implication of the 'Coase Theorem' which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the initial...
Persistent link: https://www.econbiz.de/10010272487
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Linkage of tradable permit systems in international climate policy architecture
Stavins, Robert N.; Jaffe, Judson - 2008
greenhouse gases throughout the industrialized world, and the Clean Development Mechanism' an international emission …
Persistent link: https://www.econbiz.de/10010279492
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The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W.; Stavins, Robert N. - Fondazione ENI Enrico Mattei (FEEM) - 2010
We examine an implication of the “Coase Theorem” which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the...
Persistent link: https://www.econbiz.de/10008465529
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Linkage of Tradable Permit Systems in International Climate Policy Architecture
Stavins, Robert N.; Jaffe, Judson - Fondazione ENI Enrico Mattei (FEEM) - 2008
greenhouse gases throughout the industrialized world, and the Clean Development Mechanism — an international emission …
Persistent link: https://www.econbiz.de/10005423269
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Lessons Learned from SO2 Allowance Trading
Stavins, Robert N. - In: Choices 20 (2005) 1
Persistent link: https://www.econbiz.de/10008643557
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The Next Generation of Market-Based Environment Policies
Stavins, Robert N.; Whitehead, Bradley W. - 1996
We examine what will be required if market-based environmental policy instruments are to become a major force in U.S. environmental policy. We define market-based instruments, and specify five categories: pollution charges; tradable permits; deposit refund systems; reducing market barriers; and...
Persistent link: https://www.econbiz.de/10009446683
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How Do Economists Really Think About the Environment?
Fullerton, Don; Stavins, Robert N. - 1998
On a topic like the environment, communication among scholars from different disciplines in the natural and social sciences is both important and difficult, but such communication has been far from perfect. Economists themselves may have contributed to some rather fundamental misunderstandings...
Persistent link: https://www.econbiz.de/10009445416