Green Prices
"Getting the prices right" is a good starting point but is not sufficient for achieving environmentally efficient outcomes. Other policy interventions are often necessary to complement pricing policies. Moreover, when pricing is not at al...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/07/16506689/green-prices http://hdl.handle.net/10986/11948 |
| id |
okr-10986-11948 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ABATEMENT ABATEMENT COSTS ACCIDENT RISK ACCIDENT RISKS ACID RAIN AESTHETIC VALUES AGGREGATE DEMAND AGGREGATE DEMAND CURVE AGRICULTURAL OUTPUT AGRICULTURAL SUBSIDIES AGRICULTURE AIR AIR POLLUTION AIR QUALITY AIRCRAFT ALTERNATIVE ENERGY BALANCE OF PAYMENTS BENEFIT ANALYSIS BEQUEST VALUES CARBON CARBON EMISSIONS CLIMATE CHANGE COAL COASTAL WETLANDS COMPETITIVE EQUILIBRIUM COMPLIANCE COSTS CONCEPTUAL FRAMEWORK CONGESTION CONSUMER PRICES CONSUMER SURPLUS CONSUMERS CONTINGENT VALUATION CONTINGENT VALUATION METHOD COST BENEFIT ANALYSIS COST EFFECTIVENESS COST-BENEFIT ANALYSES COST-BENEFIT ANALYSIS COSTS OF TRAVEL DEBT DECENTRALIZED DECISIONS DECISION TREE DEFORESTATION DEMAND CURVES DEMAND FUNCTION DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISTORTIONARY TAXES DOUBLE DIVIDEND DRINKING WATER DRINKING WATER QUALITY DRIVING ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC VALUE ECONOMICS ELECTRICITY GENERATION EMISSION EMISSION LEVEL EMISSIONS EMISSIONS OF POLLUTANTS EMPIRICAL STUDIES ENDANGERED SPECIES ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL BENEFITS ENVIRONMENTAL COSTS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL EXTERNALITIES ENVIRONMENTAL GOODS ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL INFORMATION ENVIRONMENTAL ISSUES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL RESOURCES ENVIRONMENTAL RISK ENVIRONMENTAL TAX ENVIRONMENTAL TAXATION ENVIRONMENTAL TAXES EQUILIBRIUM EQUILIBRIUM ANALYSIS EXCESS DEMAND EXISTENCE VALUE EXISTENCE VALUES EXPENDITURE EXPENDITURES EXTERNAL COSTS EXTERNALITIES EXTERNALITY FISH FISHERIES FISHERY MANAGEMENT FISHING FORESTRY FOSSIL FUEL FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRICE ELASTICITY FUEL SAVINGS FUEL SUBSIDIES GASOLINE TAX GDP GLOBAL CLIMATE CHANGE GREEN ACCOUNTING GREENHOUSE GAS GROWTH THEORY HEDONIC PRICE HEDONIC PRICING HUMAN CAPITAL INJURY INTANGIBLE GOODS INTRINSIC VALUE LABOR MARKET LABOR MARKETS LAND ECONOMICS LAND USE LESS DEVELOPED COUNTRIES LIVING STANDARDS LOGGING MARGINAL ABATEMENT MARGINAL ABATEMENT COSTS MARGINAL COST MARGINAL COSTS MARKET EQUILIBRIUM MARKET FAILURES MARKET INFORMATION MARKET PRICE MARKET PRICES MARKET VALUE MONOPOLY MONOPOLY RENTS MOTOR FUEL MOTOR FUELS NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NDP NEGATIVE EXTERNALITIES NET DOMESTIC PRODUCT NEUTRAL TAX REFORM NOISE POLLUTION NON-USE VALUES NONMARKET GOOD NONMARKET GOODS OIL OIL PRICES OPPORTUNITY COST OPPORTUNITY COSTS PETROLEUM PRODUCTS POLICY INSTRUMENTS POLITICAL ECONOMY POLLUTION POLLUTION EMISSIONS POLLUTION TAXES PRICE CONTROLS PRICE DISTORTION PRICE ELASTICITY PRICE MECHANISM PRICE POLICIES PRICE POLICY PRICING MECHANISMS PRICING POLICIES PRIVATE GOODS PRODUCERS PRODUCTION FUNCTION PRODUCTION PATTERNS PROPERTY RIGHTS PUBLIC GOOD PUBLIC GOODS PUBLIC TRANSPORTATION PUBLIC TRANSPORTATION NETWORK RAILROAD RAILROADS RANGELANDS REVENUE RECYCLING RISK PREMIUM ROAD ROAD TRAFFIC ROAD TRAFFIC NOISE ROADS SAFETY SAFETY HELMETS SCIENTIFIC KNOWLEDGE SHADOW PRICE SHADOW PRICES SOCIAL PRICES STOCKS SUBSTITUTE SUBSTITUTES SUBSTITUTION SUPPLY FUNCTION SURPLUSES SURROGATE MARKETS SUSTAINABLE DEVELOPMENT TAX REFORM TAX SUBSIDY TAXES ON GASOLINE TIMBER TOLL TOTAL ECONOMIC VALUE TRADABLE PERMITS TRADEOFFS TRANSPARENCY TRANSPORT TRAVEL COST METHOD TRAVEL COSTS TRAVEL TIME TRIP TRUE UNDERVALUATION USE VALUE VALUE ADDED VEHICLE WAGES WASTE MANAGEMENT WATER POLLUTION WEALTH WILLINGNESS TO ACCEPT WILLINGNESS TO PAY WTA WTP |
| spellingShingle |
ABATEMENT ABATEMENT COSTS ACCIDENT RISK ACCIDENT RISKS ACID RAIN AESTHETIC VALUES AGGREGATE DEMAND AGGREGATE DEMAND CURVE AGRICULTURAL OUTPUT AGRICULTURAL SUBSIDIES AGRICULTURE AIR AIR POLLUTION AIR QUALITY AIRCRAFT ALTERNATIVE ENERGY BALANCE OF PAYMENTS BENEFIT ANALYSIS BEQUEST VALUES CARBON CARBON EMISSIONS CLIMATE CHANGE COAL COASTAL WETLANDS COMPETITIVE EQUILIBRIUM COMPLIANCE COSTS CONCEPTUAL FRAMEWORK CONGESTION CONSUMER PRICES CONSUMER SURPLUS CONSUMERS CONTINGENT VALUATION CONTINGENT VALUATION METHOD COST BENEFIT ANALYSIS COST EFFECTIVENESS COST-BENEFIT ANALYSES COST-BENEFIT ANALYSIS COSTS OF TRAVEL DEBT DECENTRALIZED DECISIONS DECISION TREE DEFORESTATION DEMAND CURVES DEMAND FUNCTION DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISTORTIONARY TAXES DOUBLE DIVIDEND DRINKING WATER DRINKING WATER QUALITY DRIVING ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC VALUE ECONOMICS ELECTRICITY GENERATION EMISSION EMISSION LEVEL EMISSIONS EMISSIONS OF POLLUTANTS EMPIRICAL STUDIES ENDANGERED SPECIES ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL BENEFITS ENVIRONMENTAL COSTS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL EXTERNALITIES ENVIRONMENTAL GOODS ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL INFORMATION ENVIRONMENTAL ISSUES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL RESOURCES ENVIRONMENTAL RISK ENVIRONMENTAL TAX ENVIRONMENTAL TAXATION ENVIRONMENTAL TAXES EQUILIBRIUM EQUILIBRIUM ANALYSIS EXCESS DEMAND EXISTENCE VALUE EXISTENCE VALUES EXPENDITURE EXPENDITURES EXTERNAL COSTS EXTERNALITIES EXTERNALITY FISH FISHERIES FISHERY MANAGEMENT FISHING FORESTRY FOSSIL FUEL FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRICE ELASTICITY FUEL SAVINGS FUEL SUBSIDIES GASOLINE TAX GDP GLOBAL CLIMATE CHANGE GREEN ACCOUNTING GREENHOUSE GAS GROWTH THEORY HEDONIC PRICE HEDONIC PRICING HUMAN CAPITAL INJURY INTANGIBLE GOODS INTRINSIC VALUE LABOR MARKET LABOR MARKETS LAND ECONOMICS LAND USE LESS DEVELOPED COUNTRIES LIVING STANDARDS LOGGING MARGINAL ABATEMENT MARGINAL ABATEMENT COSTS MARGINAL COST MARGINAL COSTS MARKET EQUILIBRIUM MARKET FAILURES MARKET INFORMATION MARKET PRICE MARKET PRICES MARKET VALUE MONOPOLY MONOPOLY RENTS MOTOR FUEL MOTOR FUELS NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NDP NEGATIVE EXTERNALITIES NET DOMESTIC PRODUCT NEUTRAL TAX REFORM NOISE POLLUTION NON-USE VALUES NONMARKET GOOD NONMARKET GOODS OIL OIL PRICES OPPORTUNITY COST OPPORTUNITY COSTS PETROLEUM PRODUCTS POLICY INSTRUMENTS POLITICAL ECONOMY POLLUTION POLLUTION EMISSIONS POLLUTION TAXES PRICE CONTROLS PRICE DISTORTION PRICE ELASTICITY PRICE MECHANISM PRICE POLICIES PRICE POLICY PRICING MECHANISMS PRICING POLICIES PRIVATE GOODS PRODUCERS PRODUCTION FUNCTION PRODUCTION PATTERNS PROPERTY RIGHTS PUBLIC GOOD PUBLIC GOODS PUBLIC TRANSPORTATION PUBLIC TRANSPORTATION NETWORK RAILROAD RAILROADS RANGELANDS REVENUE RECYCLING RISK PREMIUM ROAD ROAD TRAFFIC ROAD TRAFFIC NOISE ROADS SAFETY SAFETY HELMETS SCIENTIFIC KNOWLEDGE SHADOW PRICE SHADOW PRICES SOCIAL PRICES STOCKS SUBSTITUTE SUBSTITUTES SUBSTITUTION SUPPLY FUNCTION SURPLUSES SURROGATE MARKETS SUSTAINABLE DEVELOPMENT TAX REFORM TAX SUBSIDY TAXES ON GASOLINE TIMBER TOLL TOTAL ECONOMIC VALUE TRADABLE PERMITS TRADEOFFS TRANSPARENCY TRANSPORT TRAVEL COST METHOD TRAVEL COSTS TRAVEL TIME TRIP TRUE UNDERVALUATION USE VALUE VALUE ADDED VEHICLE WAGES WASTE MANAGEMENT WATER POLLUTION WEALTH WILLINGNESS TO ACCEPT WILLINGNESS TO PAY WTA WTP Tran, Ngoc Bich Ley, Eduardo Green Prices |
| relation |
Policy Research Working Paper; No. 6131 |
| description |
"Getting the prices right" is
a good starting point but is not sufficient for achieving
environmentally efficient outcomes. Other policy
interventions are often necessary to complement pricing
policies. Moreover, when pricing is not at all feasible,
regulatory and command-and-control policies must be used
instead. This paper focuses on three interrelated themes at
the core of the pricing problem. First, there is the
incorporation of non-marketed activities with environmental
consequences into aggregate measures of economic
performance: the so-called "green-GDP." Second,
there is the problem regarding the reliable estimation of
the valuation of the shadow prices that properly reflect
environmental externalities. Third, there is the issue of
full-cost pricing that requires the pricing of environmental
externalities for guiding both individual and public decision-making. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Tran, Ngoc Bich Ley, Eduardo |
| author_facet |
Tran, Ngoc Bich Ley, Eduardo |
| author_sort |
Tran, Ngoc Bich |
| title |
Green Prices |
| title_short |
Green Prices |
| title_full |
Green Prices |
| title_fullStr |
Green Prices |
| title_full_unstemmed |
Green Prices |
| title_sort |
green prices |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2012/07/16506689/green-prices http://hdl.handle.net/10986/11948 |
| _version_ |
1764418573179027456 |
| spelling |
okr-10986-119482021-04-23T14:02:58Z Green Prices Tran, Ngoc Bich Ley, Eduardo ABATEMENT ABATEMENT COSTS ACCIDENT RISK ACCIDENT RISKS ACID RAIN AESTHETIC VALUES AGGREGATE DEMAND AGGREGATE DEMAND CURVE AGRICULTURAL OUTPUT AGRICULTURAL SUBSIDIES AGRICULTURE AIR AIR POLLUTION AIR QUALITY AIRCRAFT ALTERNATIVE ENERGY BALANCE OF PAYMENTS BENEFIT ANALYSIS BEQUEST VALUES CARBON CARBON EMISSIONS CLIMATE CHANGE COAL COASTAL WETLANDS COMPETITIVE EQUILIBRIUM COMPLIANCE COSTS CONCEPTUAL FRAMEWORK CONGESTION CONSUMER PRICES CONSUMER SURPLUS CONSUMERS CONTINGENT VALUATION CONTINGENT VALUATION METHOD COST BENEFIT ANALYSIS COST EFFECTIVENESS COST-BENEFIT ANALYSES COST-BENEFIT ANALYSIS COSTS OF TRAVEL DEBT DECENTRALIZED DECISIONS DECISION TREE DEFORESTATION DEMAND CURVES DEMAND FUNCTION DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISTORTIONARY TAXES DOUBLE DIVIDEND DRINKING WATER DRINKING WATER QUALITY DRIVING ECONOMIC ACTIVITY ECONOMIC ANALYSIS ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC VALUE ECONOMICS ELECTRICITY GENERATION EMISSION EMISSION LEVEL EMISSIONS EMISSIONS OF POLLUTANTS EMPIRICAL STUDIES ENDANGERED SPECIES ENERGY CONSUMPTION ENVIRONMENTAL ENVIRONMENTAL ACCOUNTING ENVIRONMENTAL BENEFITS ENVIRONMENTAL COSTS ENVIRONMENTAL DAMAGES ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ECONOMICS ENVIRONMENTAL EXTERNALITIES ENVIRONMENTAL GOODS ENVIRONMENTAL IMPACTS ENVIRONMENTAL IMPROVEMENT ENVIRONMENTAL INFORMATION ENVIRONMENTAL ISSUES ENVIRONMENTAL POLICY ENVIRONMENTAL QUALITY ENVIRONMENTAL RESOURCES ENVIRONMENTAL RISK ENVIRONMENTAL TAX ENVIRONMENTAL TAXATION ENVIRONMENTAL TAXES EQUILIBRIUM EQUILIBRIUM ANALYSIS EXCESS DEMAND EXISTENCE VALUE EXISTENCE VALUES EXPENDITURE EXPENDITURES EXTERNAL COSTS EXTERNALITIES EXTERNALITY FISH FISHERIES FISHERY MANAGEMENT FISHING FORESTRY FOSSIL FUEL FOSSIL FUELS FUEL CONSUMPTION FUEL PRICE FUEL PRICE ELASTICITY FUEL SAVINGS FUEL SUBSIDIES GASOLINE TAX GDP GLOBAL CLIMATE CHANGE GREEN ACCOUNTING GREENHOUSE GAS GROWTH THEORY HEDONIC PRICE HEDONIC PRICING HUMAN CAPITAL INJURY INTANGIBLE GOODS INTRINSIC VALUE LABOR MARKET LABOR MARKETS LAND ECONOMICS LAND USE LESS DEVELOPED COUNTRIES LIVING STANDARDS LOGGING MARGINAL ABATEMENT MARGINAL ABATEMENT COSTS MARGINAL COST MARGINAL COSTS MARKET EQUILIBRIUM MARKET FAILURES MARKET INFORMATION MARKET PRICE MARKET PRICES MARKET VALUE MONOPOLY MONOPOLY RENTS MOTOR FUEL MOTOR FUELS NATIONAL INCOME NATURAL CAPITAL NATURAL RESOURCES NDP NEGATIVE EXTERNALITIES NET DOMESTIC PRODUCT NEUTRAL TAX REFORM NOISE POLLUTION NON-USE VALUES NONMARKET GOOD NONMARKET GOODS OIL OIL PRICES OPPORTUNITY COST OPPORTUNITY COSTS PETROLEUM PRODUCTS POLICY INSTRUMENTS POLITICAL ECONOMY POLLUTION POLLUTION EMISSIONS POLLUTION TAXES PRICE CONTROLS PRICE DISTORTION PRICE ELASTICITY PRICE MECHANISM PRICE POLICIES PRICE POLICY PRICING MECHANISMS PRICING POLICIES PRIVATE GOODS PRODUCERS PRODUCTION FUNCTION PRODUCTION PATTERNS PROPERTY RIGHTS PUBLIC GOOD PUBLIC GOODS PUBLIC TRANSPORTATION PUBLIC TRANSPORTATION NETWORK RAILROAD RAILROADS RANGELANDS REVENUE RECYCLING RISK PREMIUM ROAD ROAD TRAFFIC ROAD TRAFFIC NOISE ROADS SAFETY SAFETY HELMETS SCIENTIFIC KNOWLEDGE SHADOW PRICE SHADOW PRICES SOCIAL PRICES STOCKS SUBSTITUTE SUBSTITUTES SUBSTITUTION SUPPLY FUNCTION SURPLUSES SURROGATE MARKETS SUSTAINABLE DEVELOPMENT TAX REFORM TAX SUBSIDY TAXES ON GASOLINE TIMBER TOLL TOTAL ECONOMIC VALUE TRADABLE PERMITS TRADEOFFS TRANSPARENCY TRANSPORT TRAVEL COST METHOD TRAVEL COSTS TRAVEL TIME TRIP TRUE UNDERVALUATION USE VALUE VALUE ADDED VEHICLE WAGES WASTE MANAGEMENT WATER POLLUTION WEALTH WILLINGNESS TO ACCEPT WILLINGNESS TO PAY WTA WTP "Getting the prices right" is a good starting point but is not sufficient for achieving environmentally efficient outcomes. Other policy interventions are often necessary to complement pricing policies. Moreover, when pricing is not at all feasible, regulatory and command-and-control policies must be used instead. This paper focuses on three interrelated themes at the core of the pricing problem. First, there is the incorporation of non-marketed activities with environmental consequences into aggregate measures of economic performance: the so-called "green-GDP." Second, there is the problem regarding the reliable estimation of the valuation of the shadow prices that properly reflect environmental externalities. Third, there is the issue of full-cost pricing that requires the pricing of environmental externalities for guiding both individual and public decision-making. 2012-12-07T23:16:35Z 2012-12-07T23:16:35Z 2012-07 http://documents.worldbank.org/curated/en/2012/07/16506689/green-prices http://hdl.handle.net/10986/11948 English en_US Policy Research Working Paper; No. 6131 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |