Incomplete model specification in a multi-pollutants setting: the case of climate change and acidification

Sophie Legras ()
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Sophie Legras: CESAER - Centre d'Economie et de Sociologie Rurales Appliquées à l'Agriculture et aux Espaces Ruraux - INRA - Institut National de la Recherche Agronomique - AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement

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Abstract: This paper analyses the consequences of incomplete environmental model specification on policy design in a multi-pollutants framework. Focusing on the correlations between aerosols and greenhouse gases, the paper compares abatement and stock targets setting for various cases of incomplete model specification. Both cases of lax and stringent regulation, compared to what is socially optimum, may arise. Furthermore, the lax/stringent nature of the policies may evolve over time, so that the time horizon of policy design matters in assessing the impact of incomplete model specification.

Keywords: ATMOSPHERIC POLLUTION; CLIMATE CHANGE; POLLUTION TARGET SETTING; INCOMPLETE MODEL SPECIFICATION; MULTI-POLLUTANTS; ACIDIFICATION (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (6)

Published in Resource and Energy Economics, 2011, 33 (3), pp.527-543. ⟨10.1016/j.reseneeco.2010.11.001⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02652318

DOI: 10.1016/j.reseneeco.2010.11.001

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