Abstract
Economists generally suggest that economic instruments for environmental protection are more efficient than alternative instruments. However, despite the prescriptions of economists, in practice environmental policies have overwhelmingly preferred administrative solutions such as the imposition of environmental standards. Economic instruments have generally been applied only as a source of fiscal revenue. This has mostly negated the incentive aspects of such charges. This article analyzes why traditional command and control regulation is more attractive for politicians and polluters and shows some practical drawbacks of market oriented solutions. At the same time, from practical experience with emission charges in the Czech Republic, the paper derives some assumptions which must be fulfilled if a system of economic instruments is to work successfully. © 1997 John Wiley & Sons, Ltd and ERP Environment.
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