Optimal Control Of Property Right Of Resources When Two Externalities (Environmental Property Right Distortion And Production Pollution Distortion) Co-Exist: The Small Economy Case
Few studies investigate how environmental property right and production pollution distortions influence the economy when these two externalities co-exist. This case falls into a standard "second best theory". That is, it is important that pollution control policy should be coordinated with the reduction of environmental distortions. Given the non-linearity of production pollution distortion, the optimal property right may not be perfect. To guarantee the achievement of optimal total income via optimal property right, the monitoring agency should take into account the whole system and enforce different monitoring mechanisms in diversified situations. Empirical analysis is proposed on the reef fishery of Pacific island economies and the world.
|Date of creation:||2003|
|Date of revision:|
|Contact details of provider:|| Phone: 301-405-1290|
Web page: http://www.arec.umd.edu/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ags:umdrwp:28550. 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: (AgEcon Search)
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.