A Renewal Theoretic Approach to Environmental Standard Setting.

The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality standard optimally.

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Year of publication:	1995-09
Authors:	Batabyal, Amitrajeet A.
Institutions:	Department of Applied Economics, Utah State University
Subject:	environmental \| regulation \| standard \| renewal \| theory

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	10 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; Q20 - Renewable Resources and Conservation; Environmental Management. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005077185