TY  - JOUR
AU  - Fullerton,Don
TI  - A Framework to Compare Environmental Policies
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8420
PY  - 2001
Y2  - August 2001
UR  - http://www.nber.org/papers/w8420
L1  - http://www.nber.org/papers/w8420.pdf
N1  - Author contact info:
Don Fullerton
Department of Finance
University of Illinois
BIF Box#30 (MC520)
515 East Gregory Drive
Champaign, IL  61820
Tel: 217/244-3621
Fax: 217/244-3102
E-Mail: dfullert@illinois.edu
AB  - 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.
ER  -