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    Stavins, RN. “A Two-Way Street Between Environmental Economics and Public Policy.” In Environmental Economics and Public Policy: Selected Papers of Robert N. Stavins, 1988-1999. Cheltenham, UK; Northampton, Mass: Edward Elgar Publishing, Inc. 2001.Abstract
    introduction_to_selected_papers_1.pdf

    Review: "Robert N. Stavins has emerged as one of the most influential voices in environmental economics over the last decade and a half. These twenty-three essays on environmental economics and policy, written by Professor Stavins and his co-authors over the period 1988-1999, originally appeared in a diverse set of leading scholarly periodicals and are here collected for the first time." "Students, scholars, practitioners and policymakers will find this volume a valuable and very useful addition to their collection."–Jacket.

    C-14a

    Jaffe, Adam B, Richard G Newell, and Robert N Stavins. “A Tale of Two Market Failures: Technology and Environmental Policy.” Technological Change and the Environment Technological Change 54 (2005): 164–174. Publisher's VersionAbstract
    jns_ecological_economics.pdf

    Market failures associated with environmental pollution interact with market failures associated with the innovation and diffusion of new technologies. These combined market failures provide a strong rationale for a portfolio of public policies that foster emissions reduction as well as the development and adoption of environmentally beneficial technology. Both theory and empirical evidence suggest that the rate and direction of technological advance is influenced by market and regulatory incentives, and can be cost-effectively harnessed through the use of economic-incentive based policy. In the presence of weak or nonexistent environmental policies, investments in the development and diffusion of new environmentally beneficial technologies are very likely to be less than would be socially desirable. Positive knowledge and adoption spillovers and information problems can further weaken innovation incentives. While environmental technology policy is fraught with difficulties, a long-term view suggests a strategy of experimenting with policy approaches and systematically evaluating their success.

    A-41

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