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| Withagen, Cees; Toman, Michael. |
| Environmental policymakers must address the adverse effects of a number of pollutants that accumulate in the environment. Goals for the regulation of these damages often involve holding long-term emissions below a level deemed to be "dangerous", or outright banning of offending products or processes along with subsidization of more "green" alternatives. This paper builds upon previous studies by Keeler, Spence, and Zeckhauser (1971) and Tahvonen and Withagen (1996) in addressing the optimal long-term management of an accumulative but assimilatable pollutant through policies that restrict more damaging production processes and thereby induce more benign alternatives. Using a simple general equilibrium approach, we consider the possibility that the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Stock externalities; Nonconvexities; Sustainable development; Environmental Economics and Policy; Q20; Q28; D62. |
| Ano: 1998 |
URL: http://purl.umn.edu/10748 |
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