Title: Political and Economic Scope for Permit Markets in Europe
Abstract: What kind of design allows society to achieve environmental objectives cost-effectively? In general, economists have not considered political concerns and second-best world solutions in the traditional analysis of economic instruments. The contribution here is to find a cost-effective approach to environmental regulation in Europe and thereby diminish the gap between theory and practice. If a policy is not designed in a politically acceptable way, it will inevitably be changed away from its cost-effective design during the political decision-making process because none of the dominating interest groups like it. There must be something in it for them.
Publication Year: 2000
Publication Date: 2000-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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