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Prices of Goods' and 'Bads': An Application of the Ricardian Theory of Differential Rent

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  • Christian Lager

Abstract

Pollutants, wastes and scrap appear as joint products of consumption or production processes. Leontief and other authors extend input-output (IO) tables such that additional products and industries, respectively, account for pollutants and abatement activities; they also analyze the effects of pollution control policies, by means of traditional IO methods. This approach does not account for choice of technique and, therefore, neglects the possibility of substitution. This paper proposes to utilize Ricardo's theory of differential rent, which is based on the possibility of coexisting technical alternatives.

Suggested Citation

  • Christian Lager, 1998. "Prices of Goods' and 'Bads': An Application of the Ricardian Theory of Differential Rent," Economic Systems Research, Taylor & Francis Journals, vol. 10(3), pages 203-223.
    • Handle: RePEc:taf:ecsysr:v:10:y:1998:i:3:p:203-223
    DOI: 10.1080/762947108
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    References listed on IDEAS

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    1. Flick, Warren A, 1974. "Environmental Repercussions and the Economic Structure: An Input-Output Approach: A Comment," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 107-109, February.
    2. Berndt Lehbert, 1980. "Vorschlag für ein prognose- und simulationsmodell des umwandlungsbereichs der energiewirtschaft in der Bundesrepublik Deutschland," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(1), pages 131-161, March.
    3. Lowe, Peter D, 1979. "Pricing Problems in an Input-Output Approach to Environment Protection," The Review of Economics and Statistics, MIT Press, vol. 61(1), pages 110-117, February.
    4. Steenge, Albert E, 1978. "Environmental Repercussions and the Economic Structure: Further Comments," The Review of Economics and Statistics, MIT Press, vol. 60(3), pages 482-486, August.
    5. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, January.
    6. Leontief, Wassily, 1970. "Environmental Repercussions and the Economic Structure: An Input-Output Approach," The Review of Economics and Statistics, MIT Press, vol. 52(3), pages 262-271, August.
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    Cited by:

    1. Shigemi Kagawa & Hajime Inamura & Yuichi Moriguchi, 2002. "The Invisible Multipliers of Joint-products," Economic Systems Research, Taylor & Francis Journals, vol. 14(2), pages 185-203, June.
    2. Christian John Reynolds & Julia Piantadosi & John Boland, 2015. "Rescuing Food from the Organics Waste Stream to Feed the Food Insecure: An Economic and Environmental Assessment of Australian Food Rescue Operations Using Environmentally Extended Waste Input-Output ," Sustainability, MDPI, vol. 7(4), pages 1-20, April.
    3. Kratena, Kurt, 2008. "From ecological footprint to ecological rent: An economic indicator for resource constraints," Ecological Economics, Elsevier, vol. 64(3), pages 507-516, January.
    4. Ian Steedman, 2000. "Income Distribution, Foreign Trade and the Value-Added Vector," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 221-230.

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