Environmental policy analysis : dealing with economic distortions /

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Bibliographic Details
Author / Creator:Nœss-Schmidt, Helge Sigurd, author.
Imprint:Copenhagen K : Nordic Council of Ministers, [2015]
©2015
Description:1 online resource
Language:English
Series:TemaNord ; 2015:576
TemaNord ; 2015:576.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11908983
Hidden Bibliographic Details
Other authors / contributors:Jensen, Lars, author.
ISBN:9789289343909
9289343907
9289343931
9789289343930
9789289343916
9289343915
9789289343930
Notes:Includes bibliographical references.
Vendor-supplied metadata.
Summary:This report discusses how policymakers should deal with economic distortions on the cost-side of cost-benefit analysis in the area of environmental policies, and assesses the existing Nordic guideline recommendations. The two types of economic distortions are distortions to product markets, which are almost by definition tied to environmental policy interventions, and distortions to labour supply decisions. Drawing on best practices from the literature, we formulate a number of key principles useful for assessing the impact on labour supply decisions and welfare on product markets from policy interventions. Four analytical examples are included to illustrate the importance of these principles for the correct quantification of distortionary impacts, especially the importance of taking into account pre-existing policy induced distortions.
Other form:Print version: Naess-Schmidt, Helge Sigurd. Environmental policy analysis : dealing with economic distortions. Copenhagen, [Denmark] : Nordic Council of Ministers, ©2015 77 pages TemaNord ; 2015:576 0908-6692 9789289343930

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520 3 |a This report discusses how policymakers should deal with economic distortions on the cost-side of cost-benefit analysis in the area of environmental policies, and assesses the existing Nordic guideline recommendations. The two types of economic distortions are distortions to product markets, which are almost by definition tied to environmental policy interventions, and distortions to labour supply decisions. Drawing on best practices from the literature, we formulate a number of key principles useful for assessing the impact on labour supply decisions and welfare on product markets from policy interventions. Four analytical examples are included to illustrate the importance of these principles for the correct quantification of distortionary impacts, especially the importance of taking into account pre-existing policy induced distortions. 
505 0 |a Introduction -- Preface -- Summary -- Dealing with distortions -- Analytical examples -- References -- Analytical example 1 -- removing the PSO-charge. 
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