The economic cost of carbon pricing depends on the ability and incentives of firms to switch towards cleaner fuels. Yet, many fundamental economic forces that drive firms' decisions to use different fuels are unobserved, causing significant uncertainty over the effectiveness of carbon policies....

Present for the first time on the European order of business at the beginning of the ‘70s, the concern for the environment gains a distinctive nature as the Rome Club signalled the diminishing of the natural resources and the rapid deterioration of the quality of water, air and soil, of...

In this study, a basic comparison between the Pigouvian and the Coasean approaches is carried out in order to discuss and comment on the mechanisms by which externalities are resolved. Environmental control approaches are examined and compared in terms of minimization of abatement costs,...

Vietnam is planning to implement a new environmental tax law in 2012. The objective of the study is to provide a predictive quantitative evaluation of the impacts of the proposed draft environmental tax law of Vietnam on producer and user prices, sectoral output and employment, the commodity...

GDP remains too much of an imprecise measure of the standard of living. There is a need for either substitutes or complements. Nighttime lights are a reasonable indicator of the extent, scale, and intensity of socio-economic activities, but a poor measure of national welfare. However, if...

Public debt accumulation and pollution result to disutility while time path must be sustainable. Policy weapons available to the government with regard to public debt is the generation of primary surpluses to sustain public debt while concerning pollution environmental taxation is expected to...

The patchwork of laws designed to control air pollution from U.S. power plants has been criticized from a variety of different perspectives. Business groups argue that the laws are too complex and burdensome to industry. Environmentalists maintain that power plant emissions need to be further...

We review recent empirical economic studies on urban ambient air pollution from a mayor’s perspective. We discuss the sources of urban air pollution, the economic costs that it imposes, and the policy tools available to a mayor to alleviate it. For economic costs, we briefly summarize...

In this article a bottom-up approach to quantification of air pollution externalities from electricity generation is used to show that market-based instruments are not very effective in internalizing these external costs in six CEE countries. Although governments in CEE countries have regulated...

This theoretical note examines the usefulness of the Pigouvian tax policy in dealing with negative production externalities and in improving social welfare in a small developing economy. A two-sector, full-employment general equilibrium model with exogenous labour market imperfection is used for...