Optimal pollution level: a theoretical identification

George Halkos and Christos Kitsos

Applied Economics, 2005, vol. 37, issue 13, 1475-1483

Abstract: In this paper, the optimal pollution level is identified under the assumptions of linear, quadratic and exponential cost functions. The corresponding optimal level of environmental policy is evaluated, with analytical forms in the linear and quadratic case, while in the exponential case, these values are obtained approximately. It is shown that, in principle, its existence obeys certain restrictions, which are investigated here. The evaluation of the benefit area is discussed and analytical forms for this particular area are calculated. The positive point, at least from a theoretical point of view, is that both the quadratic and the exponential case obey the same form when evaluating the benefit area. These benefit area evaluations can be used as indexes between different rival policies, and certainly the policy that produces the maximum area is the most beneficial policy.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840500193625 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:37:y:2005:i:13:p:1475-1483

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036840500193625

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().