Publications by Author: Hahn, Robert W.

2011
Hahn, Robert W, and Robert N Stavins. “The Effect of Allowance Allocations on Cap-and-Trade System Performance.” Journal of Law and Economics 54 (2011): S267–S294. Publisher's VersionAbstract

Abstract An implication of the Coase theorem is that under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the initial allocation of tradable rights. That is, the overall cost of achieving a given aggregate emission reduction will be minimized, and the final allocation of permits will be independent of the initial allocation. We call this the independence property. This property is important because it means that the government can establish the overall pollution reduction goal for a cap-and-trade system by setting the cap and leaving it up to the legislature to construct a constituency in support of the program by allocating the allowances to various interests without affecting either the environmental performance of the system or its aggregate social costs. We examine the conditions under which the independence property is likely to hold—both in theory and in practice.

hahn_stavins_in_journal_of_law_economics.pdf

A-73

2010
Stavins, Robert N, and Robert W Hahn. “Why Cap-and-Trade Should (and Does) Have Appeal to Politicians.” VoxEU.org, 2010. Publisher's VersionAbstract
Are cap-and-trade schemes working? This column presents a summary of eight existing schemes arguing that half meet the independence property whereby the initial allocation of property rights does not affect the environmental or social outcome and the scheme is cost-effective. This success is a contrast with other policy proposals where political bargaining reduces the effectiveness and drives up cost.
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2003
Hahn, Robert W, Sheila M Olmstead, and Robert N Stavins. “Environmental Regulation in the 1990s: A Retrospective Analysis.” Harvard Environmental Law Review 27 (2003): 377–415. Publisher's Version hahn-olmstead-stavins_paper.pdf

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2002
Stavins, Robert N, and Robert W Hahn. “National Environmental Policy During the Clinton Years.” In American Economic Policy in the 1990s, edited by Jeffrey A Frankel and Peter R Orszag, 583–660. Cambridge, Massachusetts: MIT Press, 2002.Abstract

Note: For a PDF file that can be downloaded, please see "Environmental Regulation During the 1990s: A Retrospective Analysis," Harvard Environmental Law Review, above, in section titled, "Academic Journals.

C-16

2000
Litan, R, Robert W Hahn, and Robert N Stavins. “Amici Curiae Brief to U.S. Supreme Court Recommending that EPA be Allowed to Consider Costs and Consequences of Environmental Regulations.” Washington, D.C. AEI-Brookings Joint Center for Regulatory Studies, 2000. amici_curiae.pdf

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1999
Hahn, Robert W, and Robert N Stavins. “What Has the Kyoto Protocol Wrought? The Real Architecture of International Tradeable Permit Markets.” Washington, D.C. The AEI Press, 1999. what_has_kyoto_wrought.pdf

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1996
Arrow, Kenneth J, Maureen L Cropper, George C Eads, Robert W Hahn, Lester B Lave, Roger G Noll, Paul R Portney, et al.Benefit-Cost Analysis in Environmental, Health, and Safety Regulation.” Washington, D.C. American Enterprise Institute, The Annapolis Center, and Resources for the Future, 1996. benefit_cost_analysis_in_environmental.aei_.1996.pdf

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Arrow, Kenneth J, Maureen L Cropper, George C Eads, Robert W Hahn, Lester B Lave, Roger G Noll, Paul R Portney, et al.Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?New Series 272 (1996): 221–222. Publisher's Version is_there_a_role_for_benefitcost_analysis.pdf

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1995
Stavins, Robert N, and Robert W Hahn. “Trading in Greenhouse Permits: A Critical Examination of Design and Implementation Issues.” In Shaping National Responses to Climate Change: A Post-Rio Policy Guide, edited by Henry Lee, 177–217. Cambridge, Massachusetts: Island Press, 1995. trading_in_greenhouse_permits.island_press.1995.pdf

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1993
Stavins, Robert N, and Robert W Hahn. “Economic Incentives for Environmental Protection.” In McGraw-Hill Encyclopedia of Economics, 321–324. New York: McGraw-Hill, Inc. 1993. economic_incentives_for_env_protection.mcgrawhill.1993.pdf

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1992
Hahn, Robert W, and Robert N Stavins. “Economic Incentives for Environmental Protection: Integrating Theory and Practice.” The American Economic Review 82 (1992): 464–468. Publisher's Version incentives_envprotection_aer1992.pdf

A-8

Stavins, Robert N, and Robert W Hahn. “Economic Instruments for Environmental Policy: Theory and Applications in the United States.” Innovazieone e Materie Prime (1992): 66–79. italian.economic_instruments_for_environmental_policy.1992.pdf

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1991
Hahn, Robert W, and Robert N Stavins. “Incentive-Based Environmental Regulation: A New Era from an Old Idea.” Ecology Law Quarterly 18 (1991): 1–42. Publisher's Version incentive-based_environmental_regulation.pdf

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