This paper focuses on how emission tax revenues change relative to GNP, when a fixed environmental standard is implemented by an emission tax and when waste abatement, technical and structural change and capital accumulation is accounted for. One- and two-sector growth models are analyzed...

In this paper we reexamine the issue of allocating a natural resource 'material' that is extracted, used for producing a consumption good, recycled, and that may cause environmental damage when it is finally landfilled without prior waste treatment. The 'material' explicity enters the analytisis...

The population dynamics in a food chains are derived from a sequence of short- run equilibria of an ecosystem where predator species demand prey biomass, supply own biomass to their predators and are assumed to behave as if they maximize net biomass intake. Introducing prices as scarcity...

The first part of the paper focusses on the implications of optimal intertemporal pollution control under alternative hypotheses about the assimilative capacity of environmental resources. Then it is shown how the optimal intertemporal allocation could be achieved by an emission tax policy. As...

Predator-prey relationships account for an important part of all interactions between species. In this paper we provide a microfoundation for such predator-prey relations in a food chain. Basic entities of our analysis are representative organisms of species modelled similar to economic...

A monopolistic advertiser-supported television station chooses the program quality to serve (potential) viewers whose preferences may be skewed towards low or high program quality. The monopolist's profit-maximizing choice of program quality is completely characterized for fixed advertising time...

Environmental economics passed its age of infancy. It grew rapidly over the last decades and established itself as a discipline based on the powerful economic paradigm and reaching beyond it to capture important economy-environment interactions. The view offered here on the future of...

Economists have a good understanding of intra-economic interdependence and a mature methodology of modeling it. Ecologists focus on the complex and sensitive interactions of species in ecosystems. This paper's objective is to suggest a new micro-foundation of ecosystem analysis based on economic...