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The Public Economics of the Environment

The Public Economics of the Environment

Hardcover

Series: Lindahl Lectures

Investing & FinanceReal EstateEnvironmental Studies

ISBN10: 019829798X
ISBN13: 9780198297987
Publisher: Oxford University Press
Published: Nov 23 2000
Pages: 176
Weight: 0.82
Height: 0.56 Width: 5.50 Depth: 8.50
Language: English
Environmental policy is high on the political agenda in many countries. Considering the various dimensions of environmental quality as public goods, Sandmo identifies the failures of the market mechanism in the face of environmental problems and shows how economic policy should be designed to overcome them. Specific topics covered include the assessment of environmental benefits and costs, the choice between taxes and quotas as policy tools, the principles of environmental taxation in a second-best world, the various notions of the double dividend from environmental tax reform, and international aspects of environmental policy as well as its political economy ramifications. The treatment is mainly theoretical, but the emphasis throughout is on showing how theory can be relevant to the rational design of economic policy.

Also in

Environmental Studies