La pollution est non convexe
Whether environmental pollution is likely to cause significant non-convexities in the economy has sparked much debate since Baumol introduced the problem in 1964. This problem is of considerable importance in terms of the existence and unicity of equilibria and the search for the economic optimum. Using an example based on Quebec's experience with toxic waste handling, it is demonstrated that such non-convexities are likely to be encountered in the real world. Two solutions to the problem are discussed. La question de savoir si la pollution de l’environnement produit des non-convexités significatives dans l’économie a provoqué un débat depuis que Baumol a introduit le problème en 1964. Ce problème est de grande importance en termes de l’existence et de l’unicité de l’équilibre et de la recherche de l’optimum économique. Prenant un exemple de l’expérience québécoise dans la disposition des déchets toxiques, il est démontré que ces non-convexités sont rencontrées dans le monde réel. Deux solutions au problème sont discutées.
Volume (Year): 64 (1988)
Issue (Month): 2 (juin)
|Contact details of provider:|| Web page: http://www.scse.ca/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kahn, James R. & Kemp, W. Michael, 1985. "Economic losses associated with the degradation of an ecosystem: The case of submerged aquatic vegetation in Chesapeake Bay," Journal of Environmental Economics and Management, Elsevier, vol. 12(3), pages 246-263, September.
- Starrett, David A., 1972. "Fundamental nonconvexities in the theory of externalities," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April.
- Cooter, Robert D., 1980. "How the law circumvents Starrett's nonconvexity," Journal of Economic Theory, Elsevier, vol. 22(3), pages 499-504, June.
- Page, Talbot & Ferejohn, John A, 1974. "Externalities as Commodities: Comment," American Economic Review, American Economic Association, vol. 64(3), pages 454-59, June.
When requesting a correction, please mention this item's handle: RePEc:ris:actuec:v:64:y:1988:i:2:p:251-261. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruce Shearer)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.