What is the best relationship between strict environmental regulation in the industrialized countries and higher levels of global pollution? According to economic theory, the answer will depend upom cost parameters, and particularily upom the degree of responsiveness of production costs as they...

This paper presents a further modification of linear programming technique which, provides the basis for the calculation of average cost curves. The procedure followed is similar to variable resource programming. Returns are maximized with respect to the output of a particular product as output...