This article develops a framework for environmental policy analysis based on an
encompassing assessment of transaction costs. This approach emphasizes the ex ante …

Thomas Sterner's book is an attempt to encourage more widespread and careful use of
economic policy instruments. The book compares the accumulated experiences of the use of …

This paper examines the implications of alternative allowance allocation designs for industry
profits and GDP under a federal cap-and-trade program to reduce greenhouse gas …

Most studies of US CO2 abatement policies have focused on the aggregate costs and
benefits of these initiatives. Yet the desirability and political feasibility of these policies tend …

This chapter examines the efficiency costs of avoiding adverse industry-distributional effects
under environmental taxes and quotas. It describes and applies numerical models, whose …

We compare three different views on the long runefficiencies of emission taxes which
includethresholds (inframarginalexemptions), and of tradeable emission permitswhere some …

This paper proposes a water quality trading design that addresses common implementation
problems. Trading ratios, which are calculated from damages integrated over each source's …

This research explores the implications for jurisdictional welfare of sharing environmental
rents between private and public consumption. An integrated model is developed from …

This paper assesses the cost-effectiveness of the performance standard system to reduce
CO2 emissions. Simulation results suggest that this instrument could reduce emissions with …

Welfare analyses of energy taxes typically show that systems with uniform rates perform
better than differentiated systems, especially if revenue can be recycled by cutting taxes that …