Full Title: The Institutional Blind Spot in Environmental Economics
Author(s): Dallas Burtraw
Publisher(s): Resources For the Future
Publication Date: August 1, 2012
Full Text: Download Resource
Description (excerpt):
At least among economists, one often-heard lament is that those who develop and implement environmental policy rarely follow economic advice. Economics also has something to say about the efficient stringency of environmental policy, but most economists readily appreciate that efficiency, such as it is measured, is just one among many criteria to be considered. However, after a policy goal is established, economists typically feel confident that economic approaches to environmental policy can help achieve the goal at less cost, which should be good for everyone.