Environmental Economics

Citation:

Stavins, Robert N. “Environmental Economics.” Cambridge, Massachusetts, {USA}: Harvard Environmental Economics Program, 2009.
dp5_stavins.pdf371 KB

Abstract:

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.

Last updated on 03/26/2015