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This paper presents the first empirical test of coherence (i.e., consistency of policies within a framework), efficiency (i.e., ability of policies to meet their objectives), and independence (i.e., logical priority of objectives over policies) of the overall EU environmental policy system. To...
Persistent link: https://www.econbiz.de/10011715903
Policy makers and policy analysts in the environmental realm are frequently faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional command-and-control approaches. We develop some simple rules-of-thumb that can be...
Persistent link: https://www.econbiz.de/10014171687
This paper uses a transaction cost approach in order to classify the different policy options that are currently discussed in relation to the Kyoto protocol. It analyses the market as only one of the possible collective decision making processes, which are available to operationalize the concept...
Persistent link: https://www.econbiz.de/10014172880
The political and scientific debate related to a sustainable development has stressed above all the importance of environmental innovations with respect to exploiting resources, to production, consumption and disposal. Such environmental innovations can: *develop, introduce and apply new ideas,...
Persistent link: https://www.econbiz.de/10014196222
Ecolabel award schemes have become increasingly popular. Their rationale is to enable (concerned) consumers to identify "green" products. By so doing, ecolabelling should stimulate environmental innovation, and induce firms to reduce the supply of conventional (polluting) products. Our analysis...
Persistent link: https://www.econbiz.de/10014196468
instrument for controlling environmental externalities. But this debate has largely been confined to the context of national law … a majoritarian voting rule which can compel sources of externalities to comply, and executed through a federalist … reluctant sources of externalities--a "beneficiaries pay" rather than a "polluters pay" approach. And it shows that making such …
Persistent link: https://www.econbiz.de/10014199639
The use of cost?benefit analysis (CBA) in British environmental policy has gone through several stages. Early applications of CBA tended to ignore environmental impacts altogether, leave them for a subsidiary 'impact analysis', or provide only a partial monetization of impacts. Currently, CBA is...
Persistent link: https://www.econbiz.de/10014203105
Eleven years after the United States signed the Kyoto Protocol, climate change policy remains stalled in the United States. While 177 countries have ratified the Kyoto Protocol and several countries have enacted strong climate change policies, the United States has lagged behind primarily over...
Persistent link: https://www.econbiz.de/10014204721
We model the occurrence of an environmental accident as a stochastic event, in particular the situation of an oil spill is explored. Characteristics of the ship operator, and the different types of the ship's operating environment determine a stochastic process governing the time patterns and...
Persistent link: https://www.econbiz.de/10014213750
This paper, prepared for The New Palgrave Dictionary of Economics and the Law, provides a summary of the theory and the … charges and tradeable permits, and show that these instruments, in theory, meet the specified condition. Then, six U …
Persistent link: https://www.econbiz.de/10014217111