Un modelo de equilibrio general con externalidades y capital natural

David Tobón Orozco and Carlos Vasco Correa ()

in Libros del Grupo Microeconomía Aplicada from Universidad de Antioquia, Departamento de Economía

Abstract: This book discusses a model of general equilibrium with a sector generating externalities on another sector with clean production, consumers and nature (natural capital). The scope of efficiency of mitigation policy instruments are analysed simultaneously with the activities of production and consumption, in the cases of: nature as a free good, nature as a private good, assignment of market efficiency and general equilibrium, payment of taxes or tradable permits and the use of pollution mitigation technologies. Our model predicts that: the polluting sector ends in a worse situation in the equilibrium with externalities; inside there will be firms benefiting or resulting most disadvantaged with pollution, whereby incentives to acquire mitigation technologies are not homogeneous —such incentives are higher when taxes should be paid—. However, distributive and welfare effects vary depending on the policy instrument, being higher when pollution permits are allowed among the affected.

Keywords: Pollution Control Adoption Costs; Water Pollution; Technological Innovation; Ecological Economics: Ecosystem Services; Applied General Equilibrium Models. (search for similar items in EconPapers)
JEL-codes: Q52 Q55 Q57 (search for similar items in EconPapers)
Date: 2011
Edition: 1
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