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| Author: | Baumgartner, S. Jost, F. |
| Title: | Joint production, externalities, and the regulation of production |
| Journal: | Environmental and Resource Economics
2000 : JUN, VOL. 16:2, p. 229-251 |
| Index terms: | ECONOMICS EXTERNALITIES JOINT PRODUCTION |
| Language: | eng |
| Abstract: | Real production systems are often vertically integrated in the sense that one production process uses the unwanted joint product of another production process as input. This interrelationship links in a non-obvious way the different negative externalities stemming from the production processes. An empirical example is the sulphuric acid industry. The authors' model of a vertically integrated production system shows how internalising one currently existing externality may create another externality which has thus far not been existent. |
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