Data/hora: 01/06/2024 02:47:59

Provedor de dados: | 31
País: | United States
Título: | Dynamic regulation of nonpoint source pollution when the number of emitters is large
Autores: | Tsur,   Yacov; de Gorter,   Harry.
Data: | 2012-03-29
Ano: | 2012
Palavras-chave: | Nonpoint source pollution; Abatement; Stock externality; Dynamic regulation; Markov decision process; Asymmetric information; Crop Production/Industries; C61; D82; H23; L51; Q58.
Resumo: | When a nonpoint source pollution process involves many polluters, each taking his own contribution to aggregate pollution to be negligible, ambient-based policies become ineffective due to lack of strategic interactions between dischargers. We offer a regulation mechanism for this case. The mechanism consists of inter-period and intra-period components. The first exploits ambient (aggregate) information to derive the optimal pollution and aggregate emission processes and the ensuing social price of emission. The intra-period mechanism takes as given the social price of emission and implements the optimal output-abatement-emission allocation across the heterogenous, privately informed firms in each time period. The mechanism gives rise to the full information outcome when the social cost of transfers is nil. A positive social cost of transfers decreases both output and abatement in each time period, though the effect on emission is ambiguous.
Tipo: | Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/122124
Relação: | Hebrew University of Jerusalem&gt;Department of Agricultural Economics and Management&gt;Discussion Papers
Formato: | 42