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processes. Pollution modelling must be of a multi-output nature. The most flexible transformation function in outputs and inputs … used in textbooks is too general to make sense in pollution modelling. Specifying bads as if they are inputs, although …
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taxation ; stock pollution ; resource extraction …
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with pollution. The way this joint production is modelled is therefore of crucial importance for our understanding and …
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problems with pollution. The way this joint production is modelled is therefore of crucial importance for our understanding and …
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The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...
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This paper explores the view that a criterion of intergenerational equity serves to make choices according to ethical intuitions on a domain of relevant technological environments. In line with this view I first calibrate different criteria of intergenerational equity in the AK model of economic...
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