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Moving to Markets in Environmental Regulation – Lessons from Twenty Years of Experience - Oxford Scholarship Online
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Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Jody Freeman and Charles D. Kolstad


Over the last decade, market-based incentives have become the regulatory tool of choice when trying to solve difficult environmental problems. Evidence of their dominance can be seen in recent proposals for addressing global warming (through an emissions trading scheme in the Kyoto Protocol) and for amending the Clean Air Act (to add a new emissions trading systems for smog precursors and mercury — the Bush administration's “Clear Skies” program). They are widely viewed as more efficient than traditional command and control regulation. This collection of essays takes a critical look at this qu ... More

Keywords: market-based incentives, global warming, environmental policy, emissions trading, air pollution control

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780195189650
Published to Oxford Scholarship Online: January 2007 DOI:10.1093/acprof:oso/9780195189650.001.0001


Affiliations are at time of print publication.

Jody Freeman, author
Harvard University
Author Webpage

Charles D. Kolstad, author
University of California, Santa Barbara
Author Webpage

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Part I Foundations

Part II Empirical and theoretical evidence

7 The Market‐Based Lead Phasedown

Richard G. Newell & Kristian Rogers

9 Subsidies! The Other Incentive‐Based Instrument: The Case of the Conservation Reserve Program

Hongli Feng, Catherine Kling, Lyubov Kurkalova, & Silvia Secchi

Part III Political and Legal Dynamics

End Matter