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Department of Resource Economics

Theoretical, experimental, valuation and empirical issues in the design of environmental and natural resource policies

While most economists tout the benefits of using incentive-based policies (like emission taxes, emissions markets, and individual transferable quotas), many conceptual details concerning implementation and management of these policies have not been addressed. Recent research suggests that commonly-held notions of efficient incentive-based policies need to be modified to account for the costs of enforcing these policies.

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