The Existence and Uniqueness of Optimal Pollution Policy in the Presence of Victim Defense Measures
AbstractIt is to be expected that rational peole defend themselves against pollution externalities, at the very least through spatial separation from the source. Bu even in the simplist models, defensive generates nonconvexities, multiple optima, and inconclusive policy guidance. This calls into question the theory of environmental policy, yet the problem has been largely ignored. This paper derives a sufficient condition for a uniquely optimal emissions level in the presence of defensive activity.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Environmental Economics and Management.
Volume (Year): 44 (2002)
Issue (Month): 1 (July)
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Web page: http://www.elsevier.com/locate/inca/622870
Other versions of this item:
- McKitrick, R. & Collinge, R.A., 1998. "The Existence and Uniqueness of Optimal Pollution Policy in the Presence of Victim Defense Measures," Working Papers 1998-6, University of Guelph, Department of Economics and Finance.
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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