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| Author: | Nagurney, A. Dhanda, K. K. |
| Title: | Marketable pollution permits in oligopolistic markets with transaction costs |
| Journal: | Operations Research
2000 : MAY-JUN. VOL. 48:3, p.424-435 |
| Index terms: | Pollution Oligopoly Transaction costs Qualitative research Models Algorithms |
| Freeterms: | Multiproduct markets Licenses |
| Language: | eng |
| Abstract: | The problem of environmental pollution occurs when emissions from firms result in ambient concentrations that are sufficiently high to cause damage to property, ecosystems, human health and aesthetics. Firms may discharge pollutants when there is no attached cost to such behavior nor any incentive for the reduction of the discharges. We present a variational inequality framework for the modeling, qualitative analysis, and computation of equilibrium patterns in multiproduct, multipollutant oligopolistics markets with marketable pollution permits in the presence of transaction costs. Also an algorithm is proposed. |
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