Accumulative Pollution , " Clean Technology , " and Policy Design

  title={Accumulative Pollution , " Clean Technology , " and Policy Design},
  author={Cees Withagen and Michael A. Toman}
Environmental policymakers must address the adverse effects of a number of pollutants that accumulate in the environment. Goals for the regulation of these damages often involve holding long-term emissions below a level deemed to be "dangerous,'' or outright banning of offending products or processes along with subsidization of more "green" alternatives. This paper builds upon previous studies by Keeler, Spence, and Zeckhauser (1971) and Tahvonen and Withagen (1996) in addressing the optimal… CONTINUE READING

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