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Activating Market-Based Instruments for the Protection of Water Resources

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  • Milkana Mochurova

Abstract

The article outlines the challenges in the practical application of the market-based instruments (MBI) for the protection of water resources; formulates a definition for “activating MBIs” and deduces the concept of an “MBI-standard” as a possibility to bridge the gap between environmental economics theory and practice. The experience of different EU-member states in applying MBI for waste water has been analysed and a number of good practices has been identified. These practices have been systematized and grouped in four groups in the context of the integrated water resources management concept, and the content of the “MBI-standard” has been grounded on them. A methodology has been proposed for the evaluation of MBIs in a given country through a comparison with the “MBI-standard”.

Suggested Citation

  • Milkana Mochurova, 2008. "Activating Market-Based Instruments for the Protection of Water Resources," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 33-54.
    • Handle: RePEc:bas:econth:y:2008:i:2:p:33-54
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    References listed on IDEAS

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    1. N/A, 2000. "At a Glance," National Institute Economic Review, National Institute of Economic and Social Research, vol. 174(1), pages 2-2, October.
    2. Russell, Clifford S., 2001. "Applying Economics to the Environment," OUP Catalogue, Oxford University Press, number 9780195126846.
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    4. Hahn, Robert W., 2000. "The Impact of Economics on Environmental Policy," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 375-399, May.
    5. N/A, 2000. "At a Glance," National Institute Economic Review, National Institute of Economic and Social Research, vol. 171(1), pages 2-3, January.
    6. Hahn, Robert W, 1989. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 95-114, Spring.
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    More about this item

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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