Review of Environmental Economics and Policy Advance Access originally published online on June 13, 2008
Review of Environmental Economics and Policy 2008 2(2):149-151; doi:10.1093/reep/ren013
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© The Author 2008. Published by Oxford University Press on behalf of the Association of Environmental and Resource Economists. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org
Introduction to the Issue
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Welcome to this fourth issue of the Review of Environmental Economics and Policy, which, as always, includes articles, a symposium focused on a single topic, and a set of features.
In the first of three articles in this issue, Lawrence Goulder and Ian Parry provide a comprehensive and up-to-date examination of a broad and important topic in environmental economics: normative analysis of the choice among alternative policy instruments. They examine the extent to which alternative environmental policy instruments can satisfy the criteria of cost-effectiveness, distributional equity, the ability to address uncertainties, and political feasibility. They consider emissions taxes, tradable emissions allowances, subsidies for emissions reductions, performance standards, mandates for the adoption of specific technologies, and subsidies for research toward