Environmental economics
By: Robert N. Stavins.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- no. 13574.; Working paper series (National Bureau of Economic Research) -- working paper no. 13574.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 19
Subjects: Environmental economics
Description: This article provides an overview of the economics of environmental policy, including the setting of goals and targets, notably the Kaldor-Hicks criterion and the related method of assessment known as benefit-cost analysis. Also reviewed are the means of environmental policy, that is, the choice of specific policy instruments, featuring an examination of potential criteria for assessing alternative instruments, with focus on cost-effectiveness. The theoretical foundations and experiential highlights of individual instruments are reviewed, including conventional command-and-control mechanisms and market-based instruments.
Notes: "November 2007"

Includes bibliographical references (p. 14-19).

Also available in PDF from the NBER world wide web site (www.nber.org).