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We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emissions tax is the only available instrument,...
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environmental externalities. Cooperation allows users to internalize the damages caused by their activities and reduce extractions … three sub-aquifers that are being overly exploited. Two types of externalities are modeled: first, water extractions in each … and environmental externalities interact in affecting the likelihood of cooperation among the users. The paper estimates …
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Temperate hill-lands of the U.S.A. such as those in West Virginia are areas from which increasing output of farm-raised fish may be possible. However, the downstream economic impacts of current and projected future effluent as a result of aquaculture production have not been extensively studied....
Persistent link: https://www.econbiz.de/10005547547
The contribution of this paper is to show that a simple nonlinear tax can achieve a long-run socially optimal level of pollution without the regulator knowing marginal abatement costs. Firms are charged their differential contribution to total damages, evaluated at the upper margin of current...
Persistent link: https://www.econbiz.de/10005075609
We focus here on a set of conceptual problems related to the accepted theory of externalities. We are primarily …. The creation of emissions and the creation of externalities are further not held apart producing flows in the efficiency … market model and the annexed sphere of externalities. We conclude that the accepted policy prescriptions both assume and …
Persistent link: https://www.econbiz.de/10005680988