A Framework to Compare Environmental Policies

Research output: Contribution to journalArticlepeer-review


This paper builds a single model that can be used to show efficiency and distributional effects of eight different types of environmental policies (including taxes, subsidies, regulations, permits, and legal liability). All eight approaches can be designed to have the same efficiency effects, even while they have different distributional effects. For further evaluation of these policies, the paper discusses other criteria outside the simple model (including administrative efficiency, enforcement capabilities, and political feasibility). The paper ends with a discussion of likely trade-offs among these often-competing objectives of environmental policy.

Original languageEnglish (US)
Pages (from-to)224-248
Number of pages25
JournalSouthern Economic Journal
Issue number2
StatePublished - 2001
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics


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