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Un modelo de equilibrio general con externalidades y capital natural

Author

Listed:
  • David Tobón Orozco
  • Carlos Andrés Vasco Correa

Abstract

This book discusses a model of general equilibrium with a sector generating externalities on another sector with clean production, consumers and nature (natural capital). The scope of efficiency of mitigation policy instruments are analysed simultaneously with the activities of production and consumption, in the cases of: nature as a free good, nature as a private good, assignment of market efficiency and general equilibrium, payment of taxes or tradable permits and the use of pollution mitigation technologies. Our model predicts that: the polluting sector ends in a worse situation in the equilibrium with externalities; inside there will be firms benefiting or resulting most disadvantaged with pollution, whereby incentives to acquire mitigation technologies are not homogeneous —such incentives are higher when taxes should be paid—. However, distributive and welfare effects vary depending on the policy instrument, being higher when pollution permits are allowed among the affected.

Suggested Citation

  • David Tobón Orozco & Carlos Andrés Vasco Correa, 2011. "Un modelo de equilibrio general con externalidades y capital natural," Libros del Grupo Microeconomía Aplicada, Universidad de Antioquia, Departamento de Economía, edition 1, number 01, December.
    • Handle: RePEc:lde:bookgm:01
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Pollution Control Adoption Costs; Water Pollution; Technological Innovation; Ecological Economics: Ecosystem Services; Applied General Equilibrium Models.;
    All these keywords.

    JEL classification:

    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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