Using economics to protect the environment
For some years policy makers, including conservative politicians, have argued that we need to use rigorous economic analysis to evaluate the yes importance of environmental problems, and that the best policies are those that rely on "economic instruments". It turns out that by taking account of "external effects" and "public goods" conventional economic analysis can indeed often be used to support much higher levels of environmental protection. This paper considers a number of economic studies...[Show more]
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