A RENEWAL THEORETIC APPROACH TO ENVIRONMENTAL STANDARD SETTING

Amitrajeet Batabyal

No 28354, Economics Research Institute, ERI Study Papers from Utah State University, Economics Department

Abstract: The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality standard optimally.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 10
Date: 1995
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:usuesp:28354

DOI: 10.22004/ag.econ.28354

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