Application of Economic Instruments for Environmental Management: From Theoretical to Practical Constraints: Literature Review and Conceptual Notes

This presentation was commissioned by the Environment Network of the Regional Policy Dialogue for the II Hemispheric Meeting celebrated on February 25th and 26th, 2003. Three distinct criteria: Achievement of the optimal use level: to maximize social welfare achieving an optimum use/pollution level. Improvement of cost-effectiveness: to minimize social costs at a certain use/pollution target. Generation of revenue: to raise enough revenue to meet a certain budget requirement.