The Public Economics of the Environment
Author | : Agnar Sandmo |
Publisher | : OUP Oxford |
Total Pages | : 176 |
Release | : 2000-04-06 |
ISBN-10 | : 9780191523007 |
ISBN-13 | : 0191523003 |
Rating | : 4/5 (07 Downloads) |
Download or read book The Public Economics of the Environment written by Agnar Sandmo and published by OUP Oxford. This book was released on 2000-04-06 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.