Optimal Pollution Trading Without Pollution Reductions: A Note1

Trading of Pollution Discharge Rights

Pollution Reduction without Formal Regulation:

......................................................................................................................................................... 2 I. THE ENVIRONMENTAL PROBLEM IN BANGLADESH ........................................................................... 4 A. Current Environmental Issues ...........................................................................................

Nonconvexities in Optimal Pollution Accumulation

With a few exceptions, the analysis of optimal pollution accumulation or detrimental stock externalities rests on the assumptions that the level of damage is unbounded and that pollution decay increases monotonically with the level of pollution stock. We show that these assumptions are restrictive and that their generalization alters the basic economic properties of optimal pollution control. W...

Optimal Management of Durable Pollution

This paper studies an incompletely informed regulator's problem of inducing a firm producing durable pollution to adopt a socially optimal pollution storage technology. We construct a sparse, yet flexible, theoretical model that can be applied directly to concrete situations as it is stated explicitly in terms of statistical parameters. Next, we show the existence of an optimal regulatory contr...

Benchmarking an optimal pattern of pollution trading: The case of Cub River, Utah