American bias in environmental economics: industrial pollution abatement and 'incentives versus regulations.'

Article Abstract:

The origins of the conflict between incentive-based regimes and regulatory policies as approaches to industrial pollution control can be traced back to the geographical bias of the beginnings of environmental economics and to the heavy reliance of environmental economics on economics theory. Early environmental economics was mainly based on the experience of the US, and American economists naturally designed environmental management theories around the US experience. This approach has proved to be unfortunate, as many aspects of the policy approach used in the US from 1970 were unique.

History

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American bias in environmental economics: industrial pollution abatement and 'incentives versus regulations': a rejoinder

Article Abstract:

Brian Garrod and Richard O'Doherty have criticized an article on the way that environmental economics tackles markets and negative externalities. Their view of the article is misleading, since the aim was not to present environmental economists as following the US line, but to show the diversity that is developing in this field. The claim that European economists are represented as following the US line on regulation and incentives is also untrue. The article is critical of rhetoric on command and control, and not specifically of environmental economics.

Western Europe

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American bias in environmental economics: industrial pollution abatement and 'incentives versus regulations': a comment

Article Abstract:

Okke Braadbaart argues that the US has led the way in environmental policy, and that environmentalists favor incentives to regulation. This is not the case, and European writers had published work on environmental economics during the 1970s, seeing both regulation and incentives as useful tools. Braadbaart also misunderstands the importance of the Coase theorem, which does allow for government intervention under certain circumstances, and is not supportive of purely laissez faire policies, as Braadbaart argues.

Analysis, Europe, Coase theorem

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