Series: Developments in Environmental Economics

This book series, is concerned with the most important areas of natural resource and environmental economics, including the economics of pollution control and management and the economics of environmental conservation. The titles within this series concentrate on key elements of economic theory, including macroeconomic and institutional-economic analysis of environmental policy as well as macro-environmental principles and design, with an emphasis on how these elements can be applied to real problems.
The Institutional Economics of Market-Based Climate Policy

Most recent volume

Volume 7. The Institutional Economics of Market-Based Climate Policy

Published: 10th August 2004 Editors: E. Woerdman
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.

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.

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.

Additional volumes

Volume 6. Marine Ecologonomics

Published: 1st December 1999 Editors: A.V. Souvorov

Volume 5. The Management of Municipal Solid Waste in Europe

Published: 7th December 1994 Editors: A. Quadrio Curzio L. Prosperetti R. Zoboli

Volume 4. International Environmental Economics

Published: 25th October 1994 Editors: E.C. van Ierland

Volume 3. Macro-Environmental Policy: Principles and Design

Published: 16th November 1993 Editors: G. Huppes

Volume 2. Macroeconomic Analysis of Environmental Policy

Published: 23rd March 1993 Editors: E.C. van Ierland

Volume 1. Economics of Environmental Conservation

Published: 30th September 1991 Editors: C.A. Tisdell