This paper explores the role for economic instruments in the control of global warming. It begins with a review of what theory and practice have taught us about these instruments--pollution taxes and systems of transferable permits--in the pursuit of domestic environmental management. It then...

Two prominent economists comment on the bitter, divisive, and passionate debate on the proper direction of environmental policy.

This primer highlightsboth the strengths and the limitations of benefit-cost analysis in the development, design, and implementation of regulatory reform.