of promoting individual abatement activity. An endogenous growth model is considered where pollution is essential for … production and causes disutility. Accidental pollution introduces uncertainty into the model. Furthermore, the extent to which … the agents perceive their individual influence on aggregate pollution is parameterised. Recursive preferences allow for …

This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The …

This paper analyzes stochastic productive pollution within a model of endogenous growth. The extent to which the agents … perceive their individual influence on aggregate pollution is parameterized. Recursive preferences allow for the separation … stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure …

This paper analyzes efficient pollution taxation within a stochastic model of endogenous growth. Pollution is a by … is shown to raise an ambiguous impact on the optimal pollution level as well as on optimal environmental taxation. Market … equilibrium turns out to be suboptimal, since the households mis-perceive their individual impact on pollution. Conditions for …