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Choosing Environmental Policy Tools: Theoretical Cautions and Practical Considerations

Author

Listed:
  • Russell, Clifford S.
  • Powell, Philip T.
Abstract
This working paper contains a review and analysis of environmental policy tools in Latin America. It contains a review of the instruments themselves and their properties are discussed in both static and dynamic contexts. The report brings together the institutional and more narrowly economic material and attempts to offer general guidance on types of instruments that seem most promising in various combinations of circumstances. These recommendations are also contrasted with those from some other authors, to the extent that is possible. The penultimate section of the report contains summary material on efforts at environmental management in a few Latin American countries, especially on efforts to institute economic incentive systems. The concluding section contains both a summary of the major arguments and conclusions from earlier sections and some speculation about the possibilities for using environmental policy design as a way of influencing institutional evolution within developing countries.

Suggested Citation

  • Russell, Clifford S. & Powell, Philip T., 1996. "Choosing Environmental Policy Tools: Theoretical Cautions and Practical Considerations," IDB Publications (Working Papers) 6219, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:6219
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    References listed on IDEAS

    as
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    Cited by:

    1. Marcelo Caffera & Juan Dubra, 2005. "Getting Polluters to Tell the Truth," Microeconomics 0504008, University Library of Munich, Germany.
    2. Murphy, James J. & Stranlund, John K., 2003. "An Experimental Analysis Of Compliance Behavior In Emissions Trading Programs: Some Preliminary Results," 2003 Annual meeting, July 27-30, Montreal, Canada 22039, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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