Market-based Instruments

If they’re so good, why aren’t they the norm?

• Author(s): Tannis Seccombe-Hett • Published: September 2000
• Pages in paper: 26


Economists have long recommended market-based instruments for efficient environmental policy-making – taxes, tradable permits, auctions of property rights, etc. So why is progress on them so slow? The reality is that any environmental policy faces many political, institutional and technical obstacles, but market-based instruments face more than most. Many relate to false perceptions, although some are real. Most have solutions, some do not.

Register for personal access to all papers for just £47.99

To download papers you need a subscription to World Economics Journal.
Get access to the full 20 year archive of thousands of papers and abstracts.

Order online now for 1 years immediate access for 1 user via username/password.

You do not need a PayPal account to pay by card.

Institutional Subscriptions, Contact Us
Existing Subscriber Log-in