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| Tekijä: | Benford, F. |
| Otsikko: | On the dynamics of the regulation of pollution: incentive compatible regulation of a persistant pollutant |
| Lehti: | Journal of Environmental Economics and Management
1998 : JUL, VOL. 36:1, p. 1-25 |
| Asiasana: | ENVIRONMENTAL ECONOMICS MANAGEMENT POLLUTION |
| Kieli: | eng |
| Tiivistelmä: | Consider the optimal regulation of a persistent pollutant. Because the pollutant is persistent, the levels of pollution in neighboring periods are causally related, and it is necessary to determine an optimal trajectory of emissions. The optimal level of emission in any period depends on the costs to reduce emissions, but these costs are generally private information to the polluting firms. The purpose of this paper is to describe the "dynamic Kwerel scheme," derive its properties, and describe the associated trajectory of emissions. |
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