Article

Environmental Law and Economics

Michael A. Livermore and Richard L. Revesz

in The Oxford Handbook of Law and Economics

Published in print April 2017 | ISBN: 9780199684205
Published online June 2017 | e-ISBN: 9780191764738 | DOI: https://dx.doi.org/10.1093/oxfordhb/9780199684205.013.43

Series: Oxford Handbooks in Economics

Environmental Law and Economics

More Like This

Show all results sharing these subjects:

  • Industry Studies
  • Agricultural, Environmental, and Natural Resource Economics

GO

Show Summary Details

Preview

This chapter begins with a brief general overview of the economics of environmental law. It then focuses on recent developments in the field of environmental law and economics, with an emphasis on the experience of the United States. When setting environmental policy, decision makers must address two general types of questions. The first concerns the ends of environmental policy, and examines the socially desirable level of environmental quality. The second type of question concerns the means of policy making and focuses on the types of regulatory instruments that will be used and the allocation of responsibility between governmental actors. Section 2 addresses the first type of question concerning the goals of environmental policy. Sections 3 and 4 address the means of environmental policy, focusing on instrument choice and jurisdictional allocation, respectively.

Keywords: economics; environmental law; environmental policy; instrument choice; jurisdiction

Article.  15243 words. 

Subjects: Industry Studies ; Agricultural, Environmental, and Natural Resource Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.