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Failures in adopting green technology under perfect pollution pricing and monopoly

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  • Davis, Andrew

Abstract

The regulation of environmental externalities via pollution pricing is a mainstay of many environmental economics texts. Internalizing the cost of pollution leads firms to reduce output to the efficient quantity. However, firms often make decisions other than quantity, such as a choice of which technology to use in production, and studying these choices is often mathematically challenging for undergraduates.

Suggested Citation

  • Davis, Andrew, 2017. "Failures in adopting green technology under perfect pollution pricing and monopoly," International Review of Economics Education, Elsevier, vol. 26(C), pages 9-13.
    • Handle: RePEc:eee:ireced:v:26:y:2017:i:c:p:9-13
    DOI: 10.1016/j.iree.2017.06.002
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    References listed on IDEAS

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    1. David A. Hennessy, 1998. "Technology Adoption and Welfare under a Monopoly: An Illustration of Microeconomic Policy Analysis," The Journal of Economic Education, Taylor & Francis Journals, vol. 29(2), pages 111-117, June.
    2. Barnett, A H, 1980. "The Pigouvian Tax Rule under Monopoly," American Economic Review, American Economic Association, vol. 70(5), pages 1037-1041, December.
    3. Hanley, Nick & Shogren, Jason & White, Ben, 2013. "Introduction to Environmental Economics," OUP Catalogue, Oxford University Press, edition 2, number 9780199568734.
    4. Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2005. "A tale of two market failures: Technology and environmental policy," Ecological Economics, Elsevier, vol. 54(2-3), pages 164-174, August.
    5. Gregory S. Amacher & Arun S. Malik, 2002. "Pollution Taxes When Firms Choose Technologies," Southern Economic Journal, John Wiley & Sons, vol. 68(4), pages 891-906, April.
    6. Kolstad, Charles, 2011. "Intermediate Environmental Economics: International Edition," OUP Catalogue, Oxford University Press, edition 2, number 9780199732654.
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    Cited by:

    1. Chen, Zan & Jin, Jun & Li, Meng, 2022. "Does media coverage influence firm green innovation? The moderating role of regional environment," Technology in Society, Elsevier, vol. 70(C).

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