The Public Economics of the Environment

Hardcover | May 15, 2000

byAgnar Sandmo

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Environmental policy is high on the political agenda in many countries. Considering the various dimensions of environmental quality as public goods, Sandmo identifies the failures of the market mechanism in the face of environmental problems and shows how economic policy should be designed toovercome them. Specific topics covered include the assessment of environmental benefits and costs, the choice between taxes and quotas as policy tools, the principles of environmental taxation in a second-best world, the various notions of the double dividend from environmental tax reform, andinternational aspects of environmental policy as well as its political economy ramifications. The treatment is mainly theoretical, but the emphasis throughout is on showing how theory can be relevant to the rational design of economic policy.

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Environmental policy is high on the political agenda in many countries. Considering the various dimensions of environmental quality as public goods, Sandmo identifies the failures of the market mechanism in the face of environmental problems and shows how economic policy should be designed toovercome them. Specific topics covered inclu...

Sandmo has been an advisor on economic policy to the governments of Norway and Sweden, as well as to the OECD and other international organizations.

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Paperback|Jan 17 2011

$60.21 online$62.95list price
Format:HardcoverPublished:May 15, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:019829798X

ISBN - 13:9780198297987

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Table of Contents

1. Public Policy and the Environment: An Overview2. Public, Private, and Environmental Goods3. Alternatives to Taxes4. The Estimation of Benefits5. The Tax Structure and the Environment6. The Double Dividend and the Marginal Cost of Funds7. Some Further Perspectives