The Economics Of Environmental Regulation

'The Economics of Environmental Regulation is an excellent book . . . provides the reader with copies of some of the most important papers in the field. Wallace Oates writes well and there is great scope to his interests (his flexibility as an economist is witnessed by the fact that an earlier volume in the Great Economists series collects his pioneering contributions in the field of local government finance). Everything he writes is underpinned by firm theoretical rigour.' - Anthony Heyes, The Journal of Energy Literature Environmental regulation and policy making are increasingly influenced by economic considerations. Over the past 30 years, Wallace E. Oates has been closely involved in the development of environmental economics as a distinct and vital field for theoretical study, applied research and policy prescription. Drawing key papers together in a systematic fashion, Professor Oates's collection begins with thoughtful overviews of the field and then continues with discussion of specific issues. Among the topics addressed are instruments for environmental regulation, the use of fees and taxes, emission permits, environmental federalism and global environmental management.

øThe authors present an extensive survey of the empirical evidence on the determinants of environmental performance as well as the effects of environmental regulation on the costs of production, plant location, firm-level productivity, stock prices and

Market-based Approaches to Environmental Regulation reviews the economics literature of market-based environmental regulations and design issues for environmental taxes and cap-and-trade systems. It begins by reviewing the economics literature on the theory of market-based environmental regulations. It then goes on to cover design issues for environmental taxes and cap-and-trade systems. Market-based Approaches to Environmental Regulation also discusses the U.S. experience with a number of regulatory approaches that are commonly characterized as market-based and describes the mix of market and non-market instruments that characterize these policies. Market-based Approaches to Environmental Regulation will be of interest to all researchers and practitioners in the field of environmental regulation.

This anthology discusses important issues surrounding environmental law and economics and provides an in-depth analysis of its use in legislation, regulation and legal adjudication from a neoclassical and behavioural law and economics perspective. Environmental issues raise a vast range of legal questions: to what extent is it justifiable to rely on markets and continued technological innovation, especially as it relates to present exploitation of scarce resources? Or is it necessary for the state to intervene? Regulatory instruments are available to create and maintain a more sustainable society: command and control regulations, restraints, Pigovian taxes, emission certificates, nudging policies, etc. If regulation in a certain legal field is necessary, which policies and methods will most effectively spur sustainable consumption and production in order to protect the environment while mitigating any potential negative impact on economic development? Since the related problems are often caused by scarcity of resources, economic analysis of law can offer remarkable insights for their resolution. Part I underlines the foundations of environmental law and economics. Part II analyses the effectiveness of economic instruments and regulations in environmental law. Part III is dedicated to the problems of climate change. Finally, Part IV focuses on tort and criminal law. The twenty-one chapters in this volume deliver insights into the multifaceted debate surrounding the use of economic instruments in environmental regulation in Europe.

This book provides a critical perspective on several interconnected themes that relate to the implementation of both domestic and international environmental standards. What are the direct and indirect costs and benefits of these standards? What is the political economy structure that governs their implementation? Do environmental standards affect individuals and economic sectors in different ways? How do environmental standards interact with trade patterns in an ever-globalised world? Understanding the multidimensional effects of environmental standards is crucial for the establishment of effective environmental and development policies. The book presents our current state of knowledge for the issues presented, while also drawing policy insights from a WTO project (on phytosanitary standards) the authors undertook in four Sub-Sahara African countries (Botswana, Cameroon, Kenya and Mozambique).

This title was first published in 2002. How expensive is environmental regulation and how does it affect the economy? A proper understanding of the costs imposed by environmental regulation is important for policy-makers and others concerned with regulatory design. This book focuses on empirical studies of the impact of environmental regulation on the economy, exposing the reader to a variety of estimation methodologies and datasets that have been used in this area. Three basic sources provide information on the costs of environmental regulation: surveys; engineering studies; and econometric analysis. This text draws on all three in its investigation.

Environmental Policy is an increasingly important subject as we enter an era where environmental issues are affecting all walks of life. This informative Research Review provides a guide through the behavioral and political foundations of environmental economic policy. It discusses articles which give an in-depth view of the current economic discipline whilst also looking at research from other social and behavioral sciences. Students and scholars as well as environmental policy makers will find this an essential tool to navigate the political and behavioural issues that we have to understand in order to resolve some of the biggest political issues of our time.

The past twenty-five years have seen a significant evolution in environmental policy, with new environmental legislation and substantive amendments to earlier laws, significant advances in environmental science, and changes in the treatment of science (and scientific uncertainty) by the courts. This book offers a detailed discussion of the important issues in environmental law, policy, and economics, tracing their development over the past few decades through an examination of environmental law cases and commentaries by leading scholars. The authors focus on pollution, addressing both pollution control and prevention, but also emphasize the evaluation, design, and use of the law to stimulate technical change and industrial transformation, arguing that there is a need to address broader issues of sustainable development. Environmental Law, Policy, and Economics,which grew out of courses taught by the authors at MIT, treats the traditional topics covered in most classes in environmental law and policy, including common law and administrative law concepts and the primary federal legislation. But it goes beyond these to address topics not often found in a single volume: the information-based obligations of industry, enforcement of environmental law, market-based and voluntary alternatives to traditional regulation, risk assessment, environmental economics, and technological innovation and diffusion. Countering arguments found in other texts that government should play a reduced role in environmental protection, this book argues that clear, stringent legal requirements--coupled with flexible means for meeting them--and meaningful stakeholder participation are necessary for bringing about environmental improvements and technologicial transformations.