Environmental policy for spatial and persistent pollutants
type: Item
instance of: scholarly article
title: Environmental policy for spatial and persistent pollutants
zbMATH Open document ID: 0611.90041
DOI: 10.1016/0095-0696(87)90004-0
author: Ronald C. Griffin
published in: Journal of Environmental Economics and Management
publication date: 1987-01-01T00:00:00Z
review text: Traditional economic models of alternative pollution policies notwithstanding, all discharges are persistent to some degree (assimilation is not instantaneous), and their distributions vary spatially. Utilizing an optimal control framework to capture the dynamics of persistence, the efficiency of economic incentives and regulations are juxtaposed when the goal is to obtain arbitrary environmental standards at least social cost. For generality, the considered pollutant is regarded as spatially variant, and standards are allowed to differ among regions. Theoretically optimal policy parameters are derived. As in the case of spatial, nonpersistent discharges, the property of persistence alone is demonstrated to invalidate the typically maintained economic advantage of price-guided policies over regulatory policies.
Mathematics Subject Classification ID: 91B76
zbMATH DE Number: 3989071
zbMATH Keywords: environmental economics
zbMATH Keywords: alternative pollution policies
zbMATH Keywords: optimal control
zbMATH Keywords: efficiency of economic incentives
MaRDI profile type: Publication
full work available at URL: 0095-0696(87)90004-0
OpenAlex ID: W2017216540
description: scientific article; zbMATH DE number 3989071