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Economic incentives for environmental protection: integrating theory and practice



Economic incentives for environmental protection: integrating theory and practice



American Economic Review 82(2): 464-468



Both corrective taxes and transferable property rights are being used in various forms for environmental protection. Examples include the introduction of marketable permits in the USA to control acid rain and the use of charges in Europe to limit water pollution. This paper looks at alternative environmental policy instruments, policy design and evaluation, and why policy instruments are chosen.

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Accession: 002351876

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