Author: | Kling, C. |
Title: | Environmental benefits from marketable discharge permits or an ecological vs. economical perspective on marketable permits |
Journal: | Ecological Economics
1994 : SEP, VOL. 11:1, p. 57-64 |
Index terms: | ENVIRONMENT ECONOMICS ECOLOGY |
Language: | eng |
Abstract: | Economists typically extol the virtues of marketable discharge permits based on their ability to obtain a given environmental standard at least cost. Previous empirical studies of marketable permits have quantified the benefits from the use of permits relative to a command-and-control system in terms of cost savings. Occasionally, the benefits of a permit system are described by noting that the efficiency of such systems would allow improved environmental quality relative to a command-and-control system for the same cost. |
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