A Dynamic Multimarket Equilibrium Model for the Economic Analysis of Pollution Control Policies

K Willett and Ramesh Sharda
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K Willett: Department of Economics, Oklahoma State University, Stillwater, OK 74078, USA

Environment and Planning A, 1988, vol. 20, issue 3, 391-405

Abstract: The subject of this paper is the development of a dynamic economy-wide market equilibrium model that can be used to assess impacts of pollution control policies on economic performance. The model is stated in a mathematical programming structure with pollution discharge relationships and investment activities. A complete specification of the model is presented. Some equilibrium conditions for the model are developed and their implications for policy purposes are discussed. The paper also contains comments on a possible solution procedure for such a model.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:20:y:1988:i:3:p:391-405

DOI: 10.1068/a200391

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