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Comparative Environmental Policy: Market‐type Instruments in Industrialized Capitalist Countries
Author(s) -
Lotspeich Richard
Publication year - 1998
Publication title -
policy studies journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.773
H-Index - 69
eISSN - 1541-0072
pISSN - 0190-292X
DOI - 10.1111/j.1541-0072.1998.tb01926.x
Subject(s) - subsidy , developed country , economics , public economics , business , market economy , sociology , population , demography
This paper examines experiences of five industrialized capitalist countries in using effluent charges, tradable permits, and subsidies as tools of environmental regulation and compares their programs to economists’models of the market approach. Observed disparity between theory and practice suggests that advantages of the market approach are not as significant as proponents contend. Reasons are identified, and differences in national characteristics of public administration are considered toward explaining differences in how countries have applied market instruments.