| Article ID: | iaor19951376 |
| Country: | Switzerland |
| Volume: | 54 |
| Issue: | 1 |
| Start Page Number: | 15 |
| End Page Number: | 22 |
| Publication Date: | Feb 1995 |
| Journal: | Annals of Operations Research |
| Authors: | Bonus Holger |
| Keywords: | economics |
To the economist, many environmental problems are really allocation problems which can be solved by means of market prices that should approximate the shadow prices of environmental restrictions. Why is it so difficult to implement the corresponding institutional arrangements politically?