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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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