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The Market and the Environment
The Effectiveness of Market-Based Policy Instruments for Environmental Reform. International Studies in Environmental Policy Making
Do taxes improve the environment at a reasonable cost? This book focuses on the environmental effects and effectiveness of market-based policy instruments, especially taxes, at improving the environment.
In order to calculate their efficiency, the authors compare taxes levied in different ways and at different stages in the product life-cycle with other market-based instruments such as charges, subsidies, tradeable emission permits and deposit-refund systems. They also compare the effectiveness of environmental taxes with other regulatory instruments and schemes including liability and insurance schemes and green labelling. Several chapters focus on the transaction and information costs associated with the implementation of market based policy instruments. The contributors use case study examples to support their findings on the most effective method to improve the environment.
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What Reviewers Are Saying
`The Market and the Environment is a very good book. Thomas Sterner has done an excellent job of assembling a set of high quality papers that complement each other very well.' -- Robert E. Wright, Environmental Conservation