Induced Technical Change, Scientific Advance and the Efficient Control of Pollution

Francesco Ferrante
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Francesco Ferrante: Università Degli Studi Di Cassino

Chapter 6 in Contemporary Economic Issues, 1999, pp 103-122 from Palgrave Macmillan

Abstract: Abstract Departing from a perfectly competitive economic environment where Pigovian pricing is the most efficient means of corrective action, government policy towards the control of pollution in oligopolistic industries may take many forms. However, formal environmental economic analysis of the scope for government action has tended to focus on a rather narrow range of policy tools, in particular a tax on emissions,1 marketable permit schemes and emission standards. Perhaps the most significant shortcoming of the approach is that it overlooked the role of technical change in affecting the choice of pollution control measures.

Keywords: Technical Efficiency; Technical Change; External Cost; Innovation Development; Technological Opportunity (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1007/978-1-349-14540-9_6

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