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new pieces of knowledge are produced in a R&D sector and used to reduce pollution emissions. Using this model along with a …
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Physically, pollution occurs because it is virtually impossible to have a productive process that involves no waste …; economically, pollution occurs because polluting is less expensive than operating cleanly. This chapter explores the sources and … consequences of, and remedies for, pollution and associated environmental damages. If all goods had well-defined property rights …
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The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
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economic theory has restricted to either of them when submitting conventional policy instruments to a comparative analysis. The …. -- Cournot oligopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission tax …
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, hitherto environmental economic theory has restricted itself to either of them when submitting conventional policy instruments … duopoly. -- Asymmetric Cournot duopoly ; external diseconomies of pollution ; cost uncertainty ; emission standard ; emission …
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