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The institutional economics of market-based climate policy

Record Type:	Electronic resources : Monograph/item
Title/Author:	The institutional economics of market-based climate policyEdwin Woerdman.
Author:	Woerdman, Edwin.
Published:	Amsterdam :Elsevier,2004.
Description:	ix, 326 p. :ill. ;25 cm.
Notes:	Updated and abridged version of dissertation.
Subject:	Emissions tradingEconomic aspects.
Online resource:	An electronic book accessible through the World Wide Web; click for information
Online resource:	http://www.engineeringvillage.com/controller/servlet/OpenURL?genre=book&isbn=9780444515735
ISBN:	9780444515735

The institutional economics of market-based climate policy
Woerdman, Edwin.

The institutional economics of market-based climate policy[electronic resource] /Edwin Woerdman. - Amsterdam :Elsevier,2004. - ix, 326 p. :ill. ;25 cm. - Developments in environmental economics ;7. - Developments in environmental economics ;v. 7.

Updated and abridged version of dissertation.

Includes bibliographical references (p. [291]-314) and index.

Part I. Institutional Economics. -- Part II. New Institutional Economics. -- Part III. Institutional Law and Economics. -- Part IV. Neo-institutional Economics. -- Part V. Conclusion.

The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence.<P> Instead of rejecting the neoclassical approach, this book uses it where fruitful and shows when and why it is necessary to employ a new or neo-institutionalist approach. The result is that equity is considered next to efficiency, that the evolution and possible lock-in of both formal and informal climate institutions are studied, and that attention is paid to the politics and law of economic instruments for climate policy, including some new empirical analyses.<P> The research topics of this book include the set-up costs of a permit trading system, the risk that credit trading becomes locked-in, the potential legal problem of grandfathering in terms of actional subsidies under WTO law or state aid under EC law, and the changing attitudes of various European officials towards restricting the use of the Kyoto Mechanisms.

Electronic reproduction.
Amsterdam :
Elsevier Science & Technology,
2007.

Mode of access: World Wide Web.

ISBN: 9780444515735

Source: 107445:107481Elsevier Science & Technologyhttp://www.sciencedirect.comSubjects--Topical Terms:

341117
Emissions trading
--Economic aspects.Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HC79.P55 / W647 2004eb

Dewey Class. No.: 363.738746

The institutional economics of market-based climate policy
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245 1 4 $a The institutional economics of market-based climate policy $h [electronic resource] / $c Edwin Woerdman.
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300 $a ix, 326 p. : $b ill. ; $c 25 cm.
490 1 $a Developments in environmental economics ; $v 7
500 $a Updated and abridged version of dissertation.
504 $a Includes bibliographical references (p. [291]-314) and index.
505 0 $a Part I. Institutional Economics. -- Part II. New Institutional Economics. -- Part III. Institutional Law and Economics. -- Part IV. Neo-institutional Economics. -- Part V. Conclusion.
520 $a The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence.<P> Instead of rejecting the neoclassical approach, this book uses it where fruitful and shows when and why it is necessary to employ a new or neo-institutionalist approach. The result is that equity is considered next to efficiency, that the evolution and possible lock-in of both formal and informal climate institutions are studied, and that attention is paid to the politics and law of economic instruments for climate policy, including some new empirical analyses.<P> The research topics of this book include the set-up costs of a permit trading system, the risk that credit trading becomes locked-in, the potential legal problem of grandfathering in terms of actional subsidies under WTO law or state aid under EC law, and the changing attitudes of various European officials towards restricting the use of the Kyoto Mechanisms.
533 $a Electronic reproduction. $b Amsterdam : $c Elsevier Science & Technology, $d 2007. $n Mode of access: World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on July 25, 2007). $n Access may be restricted to users at subscribing institutions.
650 0 $a Emissions trading $x Economic aspects. $3 341117
650 0 $a Climatic changes $x Government policy. $3 232612
650 0 $a Environmental economics. $3 182848
650 0 $a Environmental policy $x Economic aspects. $3 182948
650 0 $a Law and economics. $3 183770
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