Not only access to the factors of production - capital, labour and energy - but also substitutability among these factors has a strong influence on how economies change and evolve. Numerous studies have considered interfactor substitution for industrial countries. But, since only a few have been...

This book describes the state of the art when it comes to the use of economic instruments in policy making throughout the world. These new and innovative instruments, such as green taxes and tradeable permits, can cut the costs of environmental programs considerably and thereby increase the...