Cost Heterogeneity and the Potential Savings from Market-Based Policies
Publication
, Journal Article
Newell, RG; Stavins, RN
Published in: Journal of Regulatory Economics
January 1, 2003
Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the potential cost savings associated with market-based policies, with an application to the environmental policy realm. These simple formulae can identify instruments that merit more detailed investigation. We illustrate the use of these results with an application to nitrogen oxides control by electric utilities in the United States.
Duke Scholars
Altmetric Attention Stats
Dimensions Citation Stats
Published In
Journal of Regulatory Economics
DOI
ISSN
0922-680X
Publication Date
January 1, 2003
Volume
23
Issue
1
Start / End Page
43 / 59
Related Subject Headings
- Economics
- 3801 Applied economics
- 1502 Banking, Finance and Investment
- 1402 Applied Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Newell, R. G., & Stavins, R. N. (2003). Cost Heterogeneity and the Potential Savings from Market-Based Policies. Journal of Regulatory Economics, 23(1), 43–59. https://doi.org/10.1023/A:1021879330491
Newell, R. G., and R. N. Stavins. “Cost Heterogeneity and the Potential Savings from Market-Based Policies.” Journal of Regulatory Economics 23, no. 1 (January 1, 2003): 43–59. https://doi.org/10.1023/A:1021879330491.
Newell RG, Stavins RN. Cost Heterogeneity and the Potential Savings from Market-Based Policies. Journal of Regulatory Economics. 2003 Jan 1;23(1):43–59.
Newell, R. G., and R. N. Stavins. “Cost Heterogeneity and the Potential Savings from Market-Based Policies.” Journal of Regulatory Economics, vol. 23, no. 1, Jan. 2003, pp. 43–59. Scopus, doi:10.1023/A:1021879330491.
Newell RG, Stavins RN. Cost Heterogeneity and the Potential Savings from Market-Based Policies. Journal of Regulatory Economics. 2003 Jan 1;23(1):43–59.
Published In
Journal of Regulatory Economics
DOI
ISSN
0922-680X
Publication Date
January 1, 2003
Volume
23
Issue
1
Start / End Page
43 / 59
Related Subject Headings
- Economics
- 3801 Applied economics
- 1502 Banking, Finance and Investment
- 1402 Applied Economics