Publications by Year: 1995

Stavins, Robert N. “Decision-Making Tools for Environmental Policy.” In Proceedings of VI Repsol-Harvard Seminar on Energy Policy, 77–84. S'Agaro, Spain, 1995. decision_making_tools_for_env_policy.repsol_vi.1995.pdf


Jaffe, Adam B, and Robert N Stavins. “Dynamic Incentives of Environmental Regulations: The Effects of Alternative Policy Instruments on Technology Diffusion.” Journal of Environmental Economics and Management 29 (1995): 43–63. Publisher's Version dynamic_incentives_jeem.pdf


Stavins, Robert N. “Environmental Policy: Better Media Coverage of Risks Is Urged.” Nieman Reports 49 (1995): 12–14. environmental_policy.nieman_reports.1995.pdf


Stavins, Robert N, and T Zylicz. “Environmental Policy in a Transition Economy: Designing Tradeable Permits for Poland.” Cambridge, Massachusetts: Environment and Natural Resources Program, 1995. environmentalpolicyinatransitioneconomy.enrp_.1995.pdf


Jaffe, Adam B, Steven R Peterson, Paul R Portney, and Robert N Stavins. “Environmental Regulation and the Competitiveness of U.S. Manufacturing: What Does the Evidence Tell Us?Journal of Economic Literature 33 (1995): 132–163. Publisher's Version env.regulationand.pdf


Stavins, Robert N. “Harnessing Market Forces to Protect the Environment.” In Overcoming Indifference: Ten Key Challenges in Today's Changing World: A Survey of Ideas and Proposals for Action on the Threshold of the Twenty-First Century, edited by Klaus Schwab. New York: New York University Press, 1995. harnessing_market_forces_to_protect_the_environment.chapter.nyu_press.1995.pdf


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


Stavins, Robert N. “Transaction Costs and Markets for Pollution Control.” Resources (1995). transaction_costs.resources1995.pdf


Stavins, Robert N. “Transaction Costs and Tradeable Permits.” Journal of Environmental Economics and Management 29 (1995): 133–148. Publisher's VersionAbstract

Tradeable-permit systems are at the center of current interest and activity in market-based reforms of environmental policy, because these systems can offer significant advantages over conventional approaches to pollution control. Unfortunately, claims made for their relative cost-effectiveness have often been exaggerated. Transaction costs, which may be significant in these markets, reduce trading levels and increase abatement costs. In some cases, equilibrium permit allocations and hence aggregate control costs are sensitive to initial permit distributions, providing an efficiency justification for politicians′ typical focus on initial allocations.