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Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...
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In this paper we present results of an experimental study on the performance of three mechanisms which are designed to deal with non-point source pollution : collective fining, random fining, and a tax-subsidy scheme. Our results show that collective and random fining schemes do not induce the...
Persistent link: https://www.econbiz.de/10010296234
The purpose of the paper is to narrow the gap between the widespread use of voluntary agreements and research on the rationale of such approaches. A typical example are voluntary agreements of many industries to reduce carbon dioxide emissions because of global warming. If the industry...
Persistent link: https://www.econbiz.de/10011608503
We study the importance of uncertainty and public finance to the welfare ranking of three environmental policy instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic neoclassical growth model augmented with the assumptions...
Persistent link: https://www.econbiz.de/10010270638
Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change problem. This paper takes a policy-making perspective and...
Persistent link: https://www.econbiz.de/10010274464
of regulation and is perhaps the most significant decentralization in U.S. environmental policy. However, few studies … to increase the stringency of regulation. This evidence points to desirable effects of decentralization. …
Persistent link: https://www.econbiz.de/10010318356
We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...
Persistent link: https://www.econbiz.de/10010274231
We estimate the impact of fiscal decentralization on different indicators of pollution for more than 80 countries from … 1970 to 2000. Our cross country estimates show that fiscal decentralization increases pollution. However, higher quality of … institutions can limit the destructive environmental effects of decentralization. The empirical results confirm a strand of the …
Persistent link: https://www.econbiz.de/10010294383