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| Author: | Walls, M. Palmer, K. |
| Title: | Upstream Pollution, Downstream Waste Disposal, and the Design of Comprehensive Environmental Policies |
| Journal: | Journal of Environmental Economics and Management
2001 : JAN, VOL. 41:1, p. 94-108 |
| Index terms: | POLLUTION WASTE DISPOSALS ENVIRONMENTAL POLICY |
| Language: | eng |
| Abstract: | Many policymakers are shifting their focus from media- specific pollution problems to product-specific, life- cycle environmental problems. In this paper, the authors develop a model of production and consumption that incorporates life-cycle externalities and use it to solve for alternative policies to achieve a social optimum. In general, the authors find that no single instrument can solve multiple problems, contrary to what some observers have suggested. However, the authors find that there are alternative ways of reaching the social optimum. The authors also discover that an "integrated" approach to policy appears to be important, no matter what policy options are adopted. And finally, the authors find that there is only a limited role for so-called product "life-cycle". |
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