Journal ArticleDOI
Observability and choice of instrument mix in the control of externalities
Reads0
Chats0
TLDR
In this article, the Pigouvian fees are imposed on emissions revealed by the polluting firms in exchange for a lower ambient tax, and the non-point source case can be gradually transformed into a point source case.About:
This article is published in Journal of Public Economics.The article was published on 1995-03-01. It has received 77 citations till now.read more
Citations
More filters
Journal ArticleDOI
Exogenous targeting instruments as a solution to group moral hazards
TL;DR: In this article, Segerson et al. investigated the ability of four exogenous targeting instruments to induce socially optimal outcomes in a group moral hazard environment and showed that these instruments can be designed that mitigate the moral hazard problem at the aggregate level.
Journal ArticleDOI
Efficiency of Nonpoint Source Pollution Instruments: An Experimental Study
TL;DR: In this paper, the authors compare the efficiency of some of these instruments: an input-based tax, an ambient tax/subsidy, ambient tax, and a group fine, and the experimental data show that the input tax and the ambient tax are very efficient and reliable.
Journal ArticleDOI
Nonpoint pollution control: Inducing first-best outcomes through the use of threats
Kathleen Segerson,JunJie Wu +1 more
TL;DR: In this paper, an economic model is developed to analyze the use of a policy that combines a voluntary approach to controlling nonpoint-source pollution with a background threat of an ambient tax if the voluntary approach is unsuccessful in meeting a pre-specified environmental goal.
Journal ArticleDOI
The Economics of Non-Point-Source Pollution
TL;DR: In this article, the main theoretical approaches, up to the present, to the regulation of non-point-source pollution (NPS) pollution are reviewed and discussed, and issues associated with NPS pollution regulation and their relation to the theoretically proposed instruments.
Journal ArticleDOI
Spatial Heterogeneity and the Choice of Instruments to Control Nonpoint Pollution
JunJie Wu,Bruce A. Babcock +1 more
TL;DR: In this paper, the relative efficiency of these uniform instruments in the presence of spatial heterogeneity is analyzed and empirically shown empirically that presence of corner solutions can reverse a conventional finding of tax or standards superiority based on the relative-slop rule.
References
More filters
Posted Content
The Theory of Environmental Policy
TL;DR: In this article, Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy and present a formal, theoretical treatment of those factors influencing the quality of life.
Journal ArticleDOI
Uncertainty and incentives for nonpoint pollution control
TL;DR: In this paper, a general incentive scheme for controlling nonpoint pollution is described, in which rewards for environmental quality above a given standard are combined with penalties for substandard quality, and the mechanism is discussed in the context of both a single suspected polluter and multiple suspected polluters.
Book ChapterDOI
Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements?
TL;DR: In this paper, it is shown that where there is uncertainty, there are inefficiencies associated with the exclusive use of negligence liability and that ex ante regulation can correct the inefficiency.
Journal ArticleDOI
Environmental policy under imperfect information: Incentives and moral hazard☆
TL;DR: In this article, the authors proposed a combination of fines and subsidies that induces dischargers to follow optimal environmental policies in the absence of individual monitoring, in which a pollution control agency and individual polluters negotiate contracts between them.
Journal ArticleDOI
Environmental policy design and dynamic nonpoint-source pollution
TL;DR: In this paper, the authors proposed an incentive scheme appropriate for a dynamic framework, which takes the form of charges per unit deviation between desired and observed pollutant accumulation paths, and these paths converge to the socially desirable ambient pollutant concentration.