Roundtable on energy efficiency and the economists -- An assessment
- The World Bank, Washington, DC (United States)
Anyone trying to follow the debate between conservationists and economists (and many others in the industry) on energy efficiency might understandably decide there is little possibility for reconciling their views on policies. Views range from high levels of government intervention, frequently inspired by conservationists, to essentially noninterference with market development other than to tax or regulate pollution. The main disagreement concern the respective roles of prices and nonprice measures in energy policy. The main possibilities for progress lie with conservationists, on the one hand, recognizing the importance of prices in achieving allocative efficiency, and not overreacting to known sources of market inefficiency; and with economists, on the other, seeking to translate work on the frontier of their subject--on risk and information theory, on regulation, on the roles of law and government, and on property rights--into operational policies. If this can be done, one shall improve economic efficiency measured from the starting points of either the conservationist or the neoclassical economist.
- OSTI ID:
- 118636
- Resource Relation:
- Other Information: PBD: 1995; Related Information: Is Part Of Annual review of energy and the environment. Volume 20, 1995; Socolow, R.H. [ed.] [Princeton Univ., NJ (United States)]; Anderson, D. [ed.] [The World Bank, Washington, DC (United States)]; Harte, J. [ed.] [Univ. of California, Berkeley, CA (United States)]; PB: 627 p.
- Country of Publication:
- United States
- Language:
- English
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