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Pollution And Resource Allocation

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  • Anthony H. Chisholm
  • Cliff Walsh
  • Geoffrey Brennan

Abstract

Our economic perspective of the pollution problem characterizes that problem as involving a conflict between the consumption of two broad classes of goods--physical (or produced) commodities and the direct consumption of 'clean environment'. After considering the relative merits of market and political decision-making processes used to achieve appropriate social choices between the consumption of physical goods and 'clean environment', we focus on the alternative policy options for pollution control. The main conclusion we reach is that, in general, fiscal instruments (taxes and subsidies) are a more efficient means of controlling pollution than the widespread use of regulations or other legal instruments.
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Suggested Citation

  • Anthony H. Chisholm & Cliff Walsh & Geoffrey Brennan, 1974. "Pollution And Resource Allocation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 1-21, April.
    • Handle: RePEc:bla:ajarec:v:18:y:1974:i:1:p:1-21
    DOI: j.1467-8489.1974.tb00124.x
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    References listed on IDEAS

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    1. Vernon W. Ruttan, 1971. "Technology and the Environment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(5), pages 707-717.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Ayres, Robert U & Kneese, Allen V, 1969. "Production , Consumption, and Externalities," American Economic Review, American Economic Association, vol. 59(3), pages 282-297, June.
    4. Gordon Tullock, 1959. "Problems of Majority Voting," Journal of Political Economy, University of Chicago Press, vol. 67(6), pages 571-571.
    5. Parish, Ross M, 1972. "Economic Aspects of Pollution Control," Australian Economic Papers, Wiley Blackwell, vol. 11(18), pages 32-43, June.
    6. J. Rothenberg, 1970. "The Economics of Congestion and Pollution: An Integrated View," Working papers 49, Massachusetts Institute of Technology (MIT), Department of Economics.
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    Cited by:

    1. Ian D. Hodge, 1982. "Rights To Cleared Land And The Control Of Dryland‐Seepage Salinity," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 26(3), pages 185-201, December.
    2. Wills, Ian R., 1987. "Resource Degradation On Agricultural Land: Information Problems, Market Failures And Government Intervention," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(1), pages 1-11, April.
    3. Longworth, John W. & Rudd, Don, 1975. "Plant Pesticide Economics With Special Reference To Cotton Insecticides," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(3), pages 1-18, December.
    4. Stent, W.R., 1976. "Critique Of The Methodology Of Australian Agricultural Economics," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(1), pages 1-18, April.
    5. Richardson, Robert A., 1975. "Pollution And Resource Allocation: Comment," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(2), pages 1-3, August.

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