Economic Instruments - Joseph Aldy

2022, Book Chapter: "Reducing harmful pollution through market-based instruments, such as cap-and-trade programs and emission taxes, raises ethical questions about the “license to pollute,” environmental justice and hot spots, regulatory capture by “Baptists and Bootleggers,” and the potential of enabling more ambitious environmental goals. Taking a consequentialist perspective, this chapter explores how market-based instruments reflect the polluter pays principle and addresses each of these questions in practice." Learn more via Taylor & Francis

HKS Faculty Author - Joseph Aldy