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Pollution Reduction: A Pedagogic Note

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  • PETER TISATO
  • NATHAN PORTER

Abstract

The paper presents a new graphical analysis of how a profit‐maximizing firm will respond when required to control pollution. The focus is on graphical presentations which attempt to integrate the two pollution reduction responses open to the firm: output reduction, and use of abatement technology. We argue that existing approaches are deficient, failing to accurately illustrate the firm's optimal pollution reduction response. An alternative graphical presentation, using families of iso profit, iso pollution, and iso tax expenditure curves is developed which successfully illustrates the optimal response.

Suggested Citation

  • Peter Tisato & Nathan Porter, 1996. "Pollution Reduction: A Pedagogic Note," The Economic Record, The Economic Society of Australia, vol. 72(219), pages 341-344, December.
    • Handle: RePEc:bla:ecorec:v:72:y:1996:i:219:p:341-344
    DOI: 10.1111/j.1475-4932.1996.tb00968.x
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    References listed on IDEAS

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    1. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
    2. Peter Tisato & Nathan Porter, 1996. "Pollution Control and Cost Minimising Firm Responses," School of Economics and Public Policy Working Papers 1996-01, University of Adelaide, School of Economics and Public Policy.
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    Cited by:

    1. Lott, Margit, 2002. "Further Development of a Computable General Equilibrium-Model for the Long-Run Investigation of Global Impacts of GHG-Mitigation Policies," Conference papers 331058, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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