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Induced Technical Change, Scientific Advance and the Efficient Control of Pollution

In: Contemporary Economic Issues

Author

Listed:
  • Francesco Ferrante

    (Università Degli Studi Di Cassino)

Abstract

Departing from a perfectly competitive economic environment where Pigovian pricing is the most efficient means of corrective action, government policy towards the control of pollution in oligopolistic industries may take many forms. However, formal environmental economic analysis of the scope for government action has tended to focus on a rather narrow range of policy tools, in particular a tax on emissions,1 marketable permit schemes and emission standards. Perhaps the most significant shortcoming of the approach is that it overlooked the role of technical change in affecting the choice of pollution control measures.

Suggested Citation

  • Francesco Ferrante, 1999. "Induced Technical Change, Scientific Advance and the Efficient Control of Pollution," International Economic Association Series, in: Murat R. Sertel (ed.), Contemporary Economic Issues, chapter 6, pages 103-122, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-14540-9_6
    DOI: 10.1007/978-1-349-14540-9_6
    as

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