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Faculty Research Working Paper Series
Robert N. Stavins
A.J. Meyer Professor of Energy and Economic Development
phone: (617)495-1820
Lessons from the American Experiment with Market-Based Environmental Policies.
Stavins, Robert N. "Lessons from the American Experiment with Market-Based Environmental Policies." KSG Faculty Research Working Papers Series RWP01-032, October 2001.
Abstract
This paper draws on American experience with four categories of market-based instruments for environmental protection: charge systems; tradeable permits; market friction reduction; and government subsidy reduction. The paper examines normative and positive lessons that can be learned from these experiences.
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