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

growth theory: variety expansion (HIP) and quality improvements (VIP). We compare the policies that match the decentralised …

Environmental policy affects the distribution of market shares if intermediate goods are differentiated in pollution …

to determine substitution possibilities between pollution and abatement and the characteristics of abatement goods. The …

links the pollution intensity of economic activity to technological progress. In a second step, it investigates the effect … of pollution on economic growth under the assumption that pollution intensities are related to technological progress …. Several conclusions emerge from the model. In equilibrium, the economy follows a balanced growth path. The effect of pollution …