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| Author: | Mohr, R. D. |
| Title: | Technical change, external economies, and the Porter hypothesis |
| Journal: | Journal of Environmental Economics and Management
2002 : JAN, VOL. 43:1, p. 158-168 |
| Index terms: | Environmental economics Technological change Econometric models |
| Language: | eng |
| Abstract: | Michael Porter introduces the idea that environmental regulations may benefit affected firms. The paper derives results consistent with Porter's hypothesis by employing a general equilibrium framework with a large number of agents, external economies of scale in production, and discrete changes in technology. The model shows that endogenous technical change makes Porter's hypothesis feasible. However, a policy that produces results consistent with Porter's hypothesis is not necessarily optimal. |
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