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| Author: | Cavendish, W. Anderson, D. |
| Title: | Efficiency and substitution in pollution abatement |
| Journal: | Oxford Economic Papers
1994 : OCT, VOL. 46, p. 774-799 |
| Index terms: | EFFICIENCY POLLUTION ECONOMICS |
| Language: | eng |
| Abstract: | The paper examines the relative contributions of three factors to economic efficiency and pollution abatement. The first is price efficiency , achieved through the removal of unnecessary subsidies - surprisingly widespread - for polluting activities; the second, managerial ('X') efficiency; and the third, substitution towards low-polluting practices. The first two so-called "win-win" options often lead to large gains in economic efficiency. |
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