A renewal theoretic approach to environmental standard setting

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چکیده

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A renewal theoretic approach to environmental standard setting

The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality standard optimally. JEL Classification: D81, Q20

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ژورنال

عنوان ژورنال: Applied Mathematics Letters

سال: 2000

ISSN: 0893-9659

DOI: 10.1016/s0893-9659(99)00220-7