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Comparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations: The Case of Santiago, Chile

Authordc.contributor.authorO'Ryan Gallardo, Miguel 
Authordc.contributor.authorSánchez, José Miguel es_CL
Admission datedc.date.accessioned2010-01-08T12:56:54Z
Available datedc.date.available2010-01-08T12:56:54Z
Publication datedc.date.issued2008-08
Cita de ítemdc.identifier.citationWORLD BANK ECONOMIC REVIEW, Volume: 22, Issue: 2, Pages: 249-269, 2008en_US
Identifierdc.identifier.issn0258-6770
Identifierdc.identifier.urihttp://repositorio.uchile.cl/handle/2250/127641
Abstractdc.description.abstractThe ambient permit system proposed in the literature for cost-effective pollution reduction is difficult to implement and may result in lower net benefits than using another instrument. The article develops a model for comparing the environmental net benefits of three policy instruments for Santiago, Chile, when the policy problem is to meet a given ambient quality standard. Two market-based instrumentsthe ambient permit system and a simpler emission permit systemare examined along with an emission standard, a command and control instrument usually favored by regulators. Both emission permit system and emission standard are costlier than the ambient permit system, sometimes in large part because they improve ambient emission concentrations beyond the required target in much of the city, but the ambient permit system requires a lower degree of control to comply with the standard. The somewhat costlier emission permit system and emission standard provide much higher net benefits than the ambient permit system when the health benefits of their excessive air quality improvements are taken into account. These benefits are different from the fact that an ambient permit system is administratively costlier to implement.en_US
Lenguagedc.language.isoenen_US
Publisherdc.publisherOXFORD UNIV PRESSen_US
Keywordsdc.subjectAIR-POLLUTIONen_US
Títulodc.titleComparison of Net Benefits of Incentive-Based and Command and Control Environmental Regulations: The Case of Santiago, Chileen_US
Document typedc.typeArtículo de revistaen_US


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