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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.

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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

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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.
Journal cover image

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