Improving on the steady state in the state-dependent enforcement of pollution control

Article Abstract:

An improvement on the optimal state-dependent enforcement of pollution control model which reduces steady state expected annual social cost below the level achievable by a static enforcement approach is presented. By selecting a value for the initial proportions of firms in the two groups that is different from the long-run equilibrium values, the expected present value of social cost can be brought below the level attainable in a purely stationary model.

Control, Economic stagnation

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Stock pollution, child-bearing externalities, and the social discount rate

Article Abstract:

A multi-generational model has been designed to show Pareto efficiency is achieved when the present values of a child's and a child's descendants' future pollution taxes are added. The model is actually an extension of the Pigouvian taxation concept, except that a child-bearing tax policy is included. The approach can also be adopted in other applications, including waste treatment, economies of scale, and technological change.

Environmental Management, Research, Taxation, Offenses against the environment, Environmental crimes

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Initial and continuing compliance and the trade-off between monitoring and control cost

Article Abstract:

Firm abatement costs and regulatory monitoring costs as presented ;by Amacher and Malik, are examined.

Management, Environmental economics

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