Optimal Investment in Clean Production Capacity
نویسندگان
چکیده
منابع مشابه
Optimal Investment in Clean Production Capacity
For the mitigation of long-term pollution threats, one must consider that both the process of environmental degradation and the switchover to new and cleaner technologies are dynamic. We develop a model of a uniform good that can be produced by either a polluting technology or a clean one; the latter is more expensive and requires investment in capacity. We derive the socially optimal pollution...
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ژورنال
عنوان ژورنال: Environmental and Resource Economics
سال: 2004
ISSN: 0924-6460
DOI: 10.1023/b:eare.0000031057.52949.01