Environmental policy makers are interested in ways to prevent environmental degradation without significantly limiting economic and social development. Increasingly, market-based instruments are being incorporated into the suite of policy tools to accomplish these aims. However, the lack of information on market-based instruments accessible to non-economists limits understanding of how and when a market-based instrument can be integrated into a traditional policy regime. This paper aims to address the lack of accessible information using a generic screening process for policy instruments demonstrated through application to a non-point source pollution problem in Lake Taupo, New Zealand.
Connor, J., Hatton-MacDonald, D., Morrison, M., & Cast, A. (2009). Evaluating policy options for managing diffuse source water quality in Lake Taupo, New Zealand. The Environmentalist, 29(4), 348-359. https://doi.org/10.1007/s10669-008-9197-x