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The Economics of Environmental regulation

The late Wallace E. Oates, formerly Professor of Economics, University of Maryland, College Park and University Fellow, Resources for the Future, US
Drawing key papers together in a systematic fashion, Professor Oates’s collection begins with thoughtful overviews of the field and then continues with discussion of specific issues. Among the topics addressed are instruments for environmental regulation, the use of fees and taxes, emission permits, environmental federalism and global environmental management.
Extent: 480 pp
Hardback Price: $176.00 Web: $158.40
Publication Date: 1996
ISBN: 978 1 85278 743 1
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  • Economics and Finance
  • Environmental Economics
  • Environment
  • Environmental Economics
  • Environmental Governance and Regulation
Environmental regulation and policy making are increasingly influenced by economic considerations. Over the past 30 years, Wallace E. Oates has been closely involved in the development of environmental economics as a distinct and vital field for theoretical study, applied research and policy prescription.

Drawing key papers together in a systematic fashion, Professor Oates’s collection begins with thoughtful overviews of the field and then continues with discussion of specific issues. Among the topics addressed are instruments for environmental regulation, the use of fees and taxes, emission permits, environmental federalism and global environmental management.

The Economics of Environmental Regulation includes a specially written introduction in which Professor Oates discusses the dramatic changes in environmental regulation and enforcement since the 1960s and the growing recognition of the importance of market approaches in environmental policy making.
‘The Economics of Environmental Regulation is an excellent book . . . provides the reader with copies of some of the most important papers in the field. Wallace Oates writes well and there is great scope to his interests (his flexibility as an economist is witnessed by the fact that an earlier volume in the Great Economists series collects his pioneering contributions in the field of local government finance). Everything he writes is underpinned by firm theoretical rigour.’
– Anthony Heyes, The Journal of Energy Literature

‘Most of the papers are written in a non-technical and straightforward manner and the collection would make an excellent background reader for courses on the analysis of pollution.’
– Rosemary Clarke, The Economic Journal
Contents: Introduction Part I: Economics and Environmental Policy: An Overview Part II: Economic Instruments for Environmental Regulation: Theory and General Issues Part III: Taxes and Fees for Environmental Management Part IV: The Design of Systems of Tradable Emissions Permits Part V: Environmental Federalism Part VI: Open Economy Environmental Economics Part VII: A Survey of Environmental Economics Index