NATURAL RESOURCE MANAGEMENT
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Journal Article, Oryx, issue 2, volume 28
By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
We examine what will be required if market-based environmental policy instruments are to become a major force in U.S. environmental policy. These instruments are by no means a new policy idea. Indeed, over the past two decades they have held varying degrees of prominence on the environmental policy landscape, due, in part, to the fact that they are an attractive policy instrument in both theory and practice. But market-based instruments have failed to meet the great expectations that have often been set for them. They are currently only on the peripheries of environmental policy and, when they have been implemented, they frequently have not performed as predicted. Does this represent yet another breakdown between policy theory and policy practice? Was the effort to transform environmental regulations with these tools nothing more than quixotic tilting at windmills and is it time to return to more established -- if expensive -- policy mechanisms?
Journal Article, Journal of Risk Research, issue 3, volume 3
Journal Article, Negotiation Journal, issue 2, volume 13
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