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The cleaning up costs after closure of chemical or nuclear plants are large. They have to be taken into account in the production costs and in the pricing of the corporate, owner of such plants. Moreover, it is necessary to create a reserve account to cover these future large and long term...
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(final good) is not. Pollution is regulated by tradable emission permits. The issue is to see whether the optimal growth path … can be replicated in equilibrium with pollution permits, given that some permits must be issued free of charge for the …
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papers that have a dichotomous approach and consider either the atmospheric pollution (first source of marginal disutility …) or the underground pollution ( second source), we consider the problem as a whole: CCS techniques introduce a third …
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