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Vintage-Differentiated Environmental Regulation
Stavins, Robert N. - 2007
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
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The Effects of Vintage-Differentiated Environmental Regulation
Stavins, Robert N. - 2005
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...
Persistent link: https://www.econbiz.de/10014066121
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The SO<sub>2</sub> Allowance Trading System: The Ironic History of a Grand Policy Experiment
Schmalensee, Richard; Stavins, Robert N. - In: Journal of Economic Perspectives 27 (2013) 1, pp. 103-22
Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO<sub>2</sub> cap-and-trade system. That system performed well but created four striking ironies: First, by creating this system to reduce SO<sub>2</sub> emissions to curb acid...
Persistent link: https://www.econbiz.de/10011014377
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Rolling the dice in the corridors of power : William Nordhaus's impacts on climate change policy
Aldy, Joseph E.; Stavins, Robert N. - 2020
The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. Much more challenging to identify are the impacts of Nordhaus and his research on public policy in this domain. We examine three conceptually distinct pathways for that...
Persistent link: https://www.econbiz.de/10012270593
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Policy Evolution under the Clean Air Act
Schmalensee, Richard; Stavins, Robert N. - 2018
the 1990s. Over the past fifty years, air pollution regulation has gradually become much more complex, and over the past …
Persistent link: https://www.econbiz.de/10014033209
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The effect of allowance allocations on cap-and-trade system performance
Hahn, Robert William; 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...
Persistent link: https://www.econbiz.de/10008732179
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The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W. - 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/10013140027
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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...
Persistent link: https://www.econbiz.de/10014194258
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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...
Persistent link: https://www.econbiz.de/10014196810
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Comparing price and non-price approaches to urban water conservation
Olmstead, Sheila M.; Stavins, Robert N. - 2008
Urban water conservation is typically achieved through prescriptive regulations, including the rationing of water for particular uses and requirements for the installation of particular technologies. A significant shift has occurred in pollution control regulations toward market-based policies...
Persistent link: https://www.econbiz.de/10008780587