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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 policy/ Edwin Woerdman.
Author:	Woerdman, Edwin.
Published:	Amsterdam :Elsevier, : 2004.,
Description:	ix, 326 p. :ill. ;25 cm.
Notes:	Updated and abridged version of dissertation.
[NT 15003449]:	Part I. Institutional Economics. -- Part II. New Institutional Economics. -- Part III. Institutional Law and Economics. -- Part IV. Neo-institutional Economics. -- Part V. Conclusion.
Subject:	Climatic changes - Government policy. -
Online resource:	http://www.engineeringvillage.com/controller/servlet/OpenURL?genre=book&isbn=9780444515735An electronic book accessible through the World Wide Web; click for information
Online resource:	http://www.sciencedirect.com/science/book/9780444515735An electronic book accessible through the World Wide Web; click for information
ISBN:	0444515739

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: 0444515739

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

547829
Climatic changes
--Government policy.Index Terms--Genre/Form:

542853
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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490 1 $a Developments in environmental economics ; $v 7
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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.
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