Policy persistence in environmental regulation
نویسندگان
چکیده
منابع مشابه
Policy persistence in environmental regulation
We study the optimal emission standards under uncertain pollution damages and transaction costs associated with policy changes in a dynamic setting. We consider three alternative forms of transactions costs and show that they can lead to different kinds of delays of policy changes or smaller scales of these changes. Thus, policy persistence can be a rational response of forward-looking policy m...
متن کاملPolicy Persistance in Environmental Regulation
We study the optimal emission standards under uncertain pollution damages and transaction costs associated with policy changes. We show that in many situations, the authority should avoid or reduce the scale of a policy change in the presence of future transaction costs. Then policy persistence is a rational response of forward-looking policy makers to future transaction costs, rather than a pa...
متن کاملPolicy Persistence
Conventional wisdom in political economy warns that once an economic policy is introduced, it is likely to persist. Even when its original rationale is no longer applicable or has been proven invalid, a policy will prove hard to remove. Empirical support for this position abounds. In both developed and developing countries, many policies appear remarkably resilient. In the United States, farm p...
متن کاملThe Myth of the Downward Spiral in Environmental Policy Regulation
Introduction The process of globalization has raised concern among social scientists that the tax revenue of states and regulatory protection standards are driven down by a process of competition among states. Empirical evidence thus far shows that capital tax competition works, in fact, as the theory predicts: it drives tax rates down (e.g., Ganghof and Genschel 2008). The empirical picture fo...
متن کاملEnvironmental persistence of chemicals.
BACKGROUND The hazard criterion of persistence as it applies to chemicals in the environment is reviewed and discussed. This quantity can not be measured directly in the environment, thus it must be estimated using models that synthesise information on chemical half-lives and partitioning properties, the nature of the environment and how the chemical is released into the environment. MAIN FEA...
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ژورنال
عنوان ژورنال: Resource and Energy Economics
سال: 2003
ISSN: 0928-7655
DOI: 10.1016/s0928-7655(03)00031-9