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| | Kenneth R. Richards, Framing Environmental Policy Instrument Choice, 10 Duke Envtl. L. & Pol'y F. 221 (2000) (Site not responding. Last check: 2007-10-11) |
 | | The student of environmental policy is exposed to a myriad of policy instruments the government can employ: emissions taxes, abatement subsidies, marketable allowances, regulation based on performance standards or technology, property rights, deposit-refund schemes, information programs, liability rules, and a number of related policy tools. |
 | | Starting from a framework similar to that described in Figure 3, Richards examined the relative public finance impacts of taxes (or auctioned marketable allowances), quotas, and subsidies in the context of an analytical general equilibrium model similar to that of Bovenberg and de Mooij. |
 | | Rather than compare welfare before and after an environmental tax, Richards took environmental regulation, in the form of a quota on a polluting good, as given. |
| www.law.duke.edu /journals/delpf/articles/DELPF10P221.HTM (16036 words) |
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