Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:

The ambient permit system proposed in the literature for cost-effective pollution reduction is difficult to implement and may result in lower net benefits than using another instrument. The article develops a model for comparing the environmental net benefits of three policy instruments for Santiago...

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Bibliographic Details
Main Authors:	O'Ryan, Raúl, Sánchez, José Miguel
Format:	Journal Article
Published:	World Bank 2012
Subjects:	air quality emission tax environmental environmental quality environmental regulations policy instruments pollution pollution reduction pollution taxes tradable permits
Online Access:	http://hdl.handle.net/10986/4479

id	okr-10986-4479
recordtype	oai_dc
spelling	okr-10986-44792021-04-23T14:02:18Z Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations: O'Ryan, Raúl Sánchez, José Miguel air quality emission tax environmental environmental quality environmental regulations policy instruments pollution pollution reduction pollution taxes tradable permits The ambient permit system proposed in the literature for cost-effective pollution reduction is difficult to implement and may result in lower net benefits than using another instrument. The article develops a model for comparing the environmental net benefits of three policy instruments for Santiago, Chile, when the policy problem is to meet a given ambient quality standard. Two market-based instruments—the ambient permit system and a simpler emission permit system—are examined along with an emission standard, a command and control instrument usually favored by regulators. Both emission permit system and emission standard are costlier than the ambient permit system, sometimes in large part because they improve ambient emission concentrations beyond the required target in much of the city, but the ambient permit system requires a lower degree of control to comply with the standard. The somewhat costlier emission permit system and emission standard provide much higher net benefits than the ambient permit system when the health benefits of their "excessive" air quality improvements are taken into account. These benefits are different from the fact that an ambient permit system is administratively costlier to implement. 2012-03-30T07:12:37Z 2012-03-30T07:12:37Z 2008-05-30 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/4479 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank Journal Article Chile Dominican Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	air quality emission tax environmental environmental quality environmental regulations policy instruments pollution pollution reduction pollution taxes tradable permits
spellingShingle	air quality emission tax environmental environmental quality environmental regulations policy instruments pollution pollution reduction pollution taxes tradable permits O'Ryan, Raúl Sánchez, José Miguel Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:
geographic_facet	Chile Dominican Republic
description	The ambient permit system proposed in the literature for cost-effective pollution reduction is difficult to implement and may result in lower net benefits than using another instrument. The article develops a model for comparing the environmental net benefits of three policy instruments for Santiago, Chile, when the policy problem is to meet a given ambient quality standard. Two market-based instruments—the ambient permit system and a simpler emission permit system—are examined along with an emission standard, a command and control instrument usually favored by regulators. Both emission permit system and emission standard are costlier than the ambient permit system, sometimes in large part because they improve ambient emission concentrations beyond the required target in much of the city, but the ambient permit system requires a lower degree of control to comply with the standard. The somewhat costlier emission permit system and emission standard provide much higher net benefits than the ambient permit system when the health benefits of their "excessive" air quality improvements are taken into account. These benefits are different from the fact that an ambient permit system is administratively costlier to implement.
format	Journal Article
author	O'Ryan, Raúl Sánchez, José Miguel
author_facet	O'Ryan, Raúl Sánchez, José Miguel
author_sort	O'Ryan, Raúl
title	Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:
title_short	Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:
title_full	Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:
title_fullStr	Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:
title_full_unstemmed	Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:
title_sort	comparison of net benefits of incentive-based and command and control environmental regulations:
publisher	World Bank
publishDate	2012
url	http://hdl.handle.net/10986/4479
_version_	1764391543773331456

Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations:

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