The economics of controlling stock pollutants: an efficient strategy for greenhouse gases

Article Abstract:

A means for controlling hazardous waste, greenhouse gases and other stock pollutants is developed with the use of an optimal control theory. Reasonable abatement efforts are suggested when applying the policy to greenhouse gases, with further efforts possible in future. Accumulation of stock pollutants requires tighter abatement over time. The low abatement costs should at all times be equated with the current costs of minimal damage of unabated emission.

Control, Pollutants, Greenhouse gases, Hazardous wastes, Control theory

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Design of sequential experiments for contingent valuation studies

Article Abstract:

The use of sequential experimentation is suggested instead of the conventional two- or one-shot strategy for surveys for the contingent valuation of environmental amenities. The sequential C-optimal strategy is found to be better than the conventional sequential procedures in relation to finite sample statistical precision. The C-optimal strategy is also compared with standard non-parametric and parametric sequential approaches.

Research, Analysis, Environmental policy research, Valuation, Welfare economics, Sequential analysis

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