A dynamic general equilibrium model of pollution abatement under learning by doing

Shoude Li and Xiaojun Pan

Economics Letters, 2014, vol. 122, issue 2, 285-288

Abstract: In 2013, Beladi et al. constructed a dynamic general equilibrium model of pollution, and characterized a steady-state equilibrium. In this paper, we extend Beladi et al.’s model to an even more general model in which the pollution abatement costs under learning by doing are taken into account. In our model, the instantaneous abatement costs depend on both the rate of abatement and the experience of using a technology. Our objective is to apply optimal control theory to investigate the dynamic general equilibrium model of pollution abatement, and derive the steady-state equilibrium properties and optimal levels of emission permits and pollution treatment.

Keywords: General equilibrium; Pollution abatement; Learning by doing (search for similar items in EconPapers)
JEL-codes: D21 L51 Q52 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:122:y:2014:i:2:p:285-288

DOI: 10.1016/j.econlet.2013.12.002

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