| Registro completo |
| Provedor de dados: |
AgEcon
|
| 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>Department of Agricultural Economics and Management>Discussion Papers
|
| Formato: |
42
|
