Second-best theory and the use of multiple policy instruments

By Lori S. Bennear, R. Stavins. 2007

337 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5ce6b7048cdd4e6c413902698bef52f6d6892ca6

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Citations in the corpus

Green promotes the dirtiest: on the interaction between black and green quotas in energy markets (2010, background): “important that the objectives and trade-offs within the policy mix are made explicit (see Hahn 1986 for a discussion of designing markets in the case with multiple objectives, and Bennear and Stavins 2007 for a discussion of using multiple instruments in a second-best world).”
Levers and leverage points for pathways to sustainability (2020, background): “…pathways (Aguiar et al., in review) and can be part of effective policy mixes, involving both positive and negative incentives via regulations and market-based instruments (Barton et al., 2014; Bennear & Stavins, 2007; Porras, Chacón-Cascante, Robalino, & Oosterhuis, 2011; Razzaque et al. 2019).”
Using a Policy Mix for Pollution Control { A Review of Economic Literature (2012, positive): “Producers of domestic appliances may be obliged to display a label on their products indicating the annual energy use and how this energy use compares to other products of the same category – as is done by the EnergyGuide in the USA (Bennear and Stavins, 2007).”
COMBINING MULTIPLE CLIMATE POLICY INSTRUMENTS: HOW NOT TO DO IT (2010, positive): “In the presence of multiple externalities, the use of multiple policy instruments is likely to be justified (Bennear and Stavins, 2007; Goulder, 2008).”
What Should We Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D (2010, background): “…set of climate policy instruments should include explicit R&D and possibly technology diffusion policies, in addition to carbon pricing policies that stimulate new technology purely as a side effect of internalising the environmental externality (Jaffe et al. (2005) and Bennear and Stavins (2007)).”
Energy Efficiency: Economics and Policy (2010, background): “Very little work has been done on this issue (see Goulder et al., 1999; Bennear and Stavins, 2007; Fischer, 2008), and it has been focused mostly on environmental policies.”
Combining Policies for Renewable Energy: Is the Whole Less than the Sum of its Parts? (2010, background): “Bennear and Stavins (2007) note that overlapping policies can often arise from political constraints that limit the efficiency of single policies. Whereas Sijm’s first rationale applies only to instances of inadequate ETS policy design, market failures represent what many consider an essential reali”
The critical role of the industrial sector in reaching long-term emission reduction, energy efficiency and renewable targets (2016, background): “Setting additional sub-targets and implementing technology- or sector-specific policy instruments 593 might be justified from a second-best perspective where not all environmental externalities from cli594 mate change are yet internalized and substantial uncertainty about future carbon price signals”
Renewable Energy Subsidies: Second-Best Policy or Fatal Aberration for Mitigation? (2011, positive): “…for implementing renewable energy specific policies: one is based on efficiency grounds, the other relies on pragmatic considerations promoting second-best policies that are politically more feasible (see Bennear and Stavins (2007) for a general discussion of the use of second-best instruments).”
Designing an effective climate-policy mix: accounting for instrument synergy (2021, background): “The additional instruments then compensate for the non-optimal level of the main policy instrument (Bennear and Stavins, 2007).”
Political economy constraints on carbon pricing policies: What are the implications for economic efficiency, environmental efficacy, and climate policy design? (2014, methodology): “Other research has focused on institutional capacity limitations or transaction costs that may prohibit efficient implementation of first-best policy instruments (Bennear and Stavins, 2007; Lehmann, 2012).”