Optimal Management of Environmental Externalities with Time Lags and Uncertainty
Author
Abstract
Suggested Citation
DOI: 10.1007/s10640-016-0026-2
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Weitzman, Martin L., 2010. "What Is the "Damages Function" for Global Warming — And What Difference Might It Make?," Scholarly Articles 33373343, Harvard University Department of Economics.
- Marita Laukkanen & Anni Huhtala, 2008.
"Optimal management of a eutrophied coastal ecosystem: balancing agricultural and municipal abatement measures,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 39(2), pages 139-159, February.
- Laukkanen, Marita & Huhtala, Anni, 2006. "Optimal Management of a Eutrophied Coastal Ecosystem: Balancing Agricultural and Municipal Abatement Measures," Discussion Papers 11856, MTT Agrifood Research Finland.
- W. Brian Arthur & Geoffrey McNicoll, 1977. "Optimal Time Paths with Age-Dependence: A Theory of Population Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(1), pages 111-123.
- Martin L. Weitzman, 1974.
"Prices vs. Quantities,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
- M. L. Weitzman, 1973. "Prices vs. Quantities," Working papers 106, Massachusetts Institute of Technology (MIT), Department of Economics.
- Krupnick, Alan J., 1986. "Costs of alternative policies for the control of nitrogen dioxide in Baltimore," Journal of Environmental Economics and Management, Elsevier, vol. 13(2), pages 189-197, June.
- Shogren, Jason F. & Crocker, Thomas D., 1999. "Risk and Its Consequences," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 44-51, January.
- R. Scott Farrow & Martin T. Schultz & Pinar Celikkol & George L. Van Houtven, 2005. "Pollution Trading in Water Quality Limited Areas: Use of Benefits Assessment and Cost-Effective Trading Ratios," Land Economics, University of Wisconsin Press, vol. 81(2).
- Arun S. Malik & David Letson & Stephen R. Crutchfield, 1993. "Point/Nonpoint Source Trading of Pollution Abatement: Choosing the Right Trading Ratio," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(4), pages 959-967.
- Zemel, Amos, 2012. "Precaution under mixed uncertainty: Implications for environmental management," Resource and Energy Economics, Elsevier, vol. 34(2), pages 188-197.
- Richard D. Horan, 2001. "Differences in Social and Public Risk Perceptions and Conflicting Impacts on Point/Nonpoint Trading Ratios," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 934-941.
- repec:bla:jindec:v:47:y:1999:i:1:p:125-43 is not listed on IDEAS
- Jon Conrad & Lars Olson, 1992.
"The economics of a stock pollutant: Aldicarb on Long Island,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(3), pages 245-258, May.
- Conrad, Jon M. & Olson, Lars J., 1990. "The Economics Of A Stock Pollutant: Aldicarb On Long Island," Working Papers 6328, Cornell University, Department of Applied Economics and Management.
- A. Sandmo, 1970.
"The Effect of Uncertainty on Saving Decisions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(3), pages 353-360.
- SANDMO, Agnar, 1970. "The effect of uncertainty on saving decisions," LIDAM Reprints CORE 59, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Atkinson, Scott E. & Lewis, Donald H., 1974. "A cost-effectiveness analysis of alternative air quality control strategies," Journal of Environmental Economics and Management, Elsevier, vol. 1(3), pages 237-250, November.
- Pindyck, Robert S., 2002. "Optimal timing problems in environmental economics," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1677-1697, August.
- Newell, Richard G. & Pizer, William A., 2003.
"Regulating stock externalities under uncertainty,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 416-432, March.
- Pizer, William & Newell, Richard, 1998. "Regulating Stock Externalities Under Uncertainty," RFF Working Paper Series dp-99-10-rev, Resources for the Future.
- Newell, Richard G. & Pizer, William A., 2000. "Regulating Stock Externalities Under Uncertainty," Discussion Papers 10471, Resources for the Future.
- Ragot, Lionel & Schubert, Katheline, 2008.
"The optimal carbon sequestration in agricultural soils: Do the dynamics of the physical process matter?,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3847-3865, December.
- Lionel Ragot & Katheline Schubert, 2006. "The optimal carbon sequestration in agricultural soils: does the dynamics of the physical process matter?," Cahiers de la Maison des Sciences Economiques v06040, Université Panthéon-Sorbonne (Paris 1).
- Lionel Ragot & Katheline Schubert, 2006. "The optimal carbon sequestration in agricultural soils: does the dynamics of the physical process matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00115685, HAL.
- Lionel Ragot & Katheline Schubert, 2008. "The optimal carbon sequestration in agricultural soils: Do the dynamics of the physical process matter?," PSE-Ecole d'économie de Paris (Postprint) halshs-00308806, HAL.
- Lionel Ragot & Katheline Schubert, 2006. "The optimal carbon sequestration in agricultural soils: does the dynamics of the physical process matter?," Post-Print halshs-00115685, HAL.
- Lionel Ragot & Katheline Schubert, 2008. "The optimal carbon sequestration in agricultural soils: Do the dynamics of the physical process matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00308806, HAL.
- Lionel Ragot & Katheline Schubert, 2008. "The optimal carbon sequestration in agricultural soils: Do the dynamics of the physical process matter?," Post-Print halshs-00308806, HAL.
- Shogren, Jason F. & Crocker, Thomas D., 1991.
"Risk, self-protection, and ex ante economic value,"
Journal of Environmental Economics and Management, Elsevier, vol. 20(1), pages 1-15, January.
- Jason F. Shogren & Thomas D. Crocker, 1990. "Risk, Self-Protection, and Ex Ante Economic Value," Center for Agricultural and Rural Development (CARD) Publications 90-wp57, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Shogren, Jason F. & Crocker, Thomas D., 1991. "Risk, Self-Protection, and Ex Ante Economic Value," Staff General Research Papers Archive 334, Iowa State University, Department of Economics.
- Gregory E. Goering & John R. Boyce, 1999. "Emissions Taxation in Durable Goods Oligopoly," Journal of Industrial Economics, Wiley Blackwell, vol. 47(1), pages 125-143, March.
- Ehrlich, Isaac & Becker, Gary S, 1972. "Market Insurance, Self-Insurance, and Self-Protection," Journal of Political Economy, University of Chicago Press, vol. 80(4), pages 623-648, July-Aug..
- Ibendahl, Gregory & Fleming, Ronald A., 2007. "Controlling aquifer nitrogen levels when fertilizing crops: A study of groundwater contamination and denitrification," Ecological Modelling, Elsevier, vol. 205(3), pages 507-514.
- Muller, Eitan & Peles, Yoram C., 1990. "Optimal dynamic durability," Journal of Economic Dynamics and Control, Elsevier, vol. 14(3-4), pages 709-719, October.
- Marco Runkel, 2003. "Product Durability and Extended Producer Responsibility in Solid Waste Management," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 24(2), pages 161-182, February.
- Martin L. Weitzman, 2010. "What Is The "Damages Function" For Global Warming — And What Difference Might It Make?," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 57-69.
- Satya N. Yadav, 1997. "Dynamic Optimization of Nitrogen Use When Groundwater Contamination Is Internalized at the Standard in the Long Run," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 931-945.
- Muller, Eitan & Peles, Yoram C., 1988. "The dynamic adjustment of optimal durability and quality," International Journal of Industrial Organization, Elsevier, vol. 6(4), pages 499-507.
- Nkonya, Ephraim M. & Featherstone, Allen M., 2000.
"Determining Socially Optimal Nitrogen Application Rates Using A Delayed Response Model: The Case Of Irrigated Corn In Western Kansas,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-15, December.
- Nkonya, Ephraim M. & Featherstone, Allen M., 1999. "Determining Socially Optimal Nitrogen Application Rates Using A Delayed Response Model: The Case Of Irrigated Corn In Western Kansas," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35737, Western Agricultural Economics Association.
- Brozovic, Nicholas & Schlenker, Wolfram, 2011. "Optimal management of an ecosystem with an unknown threshold," Ecological Economics, Elsevier, vol. 70(4), pages 627-640, February.
- Hayne E. Leland, 1968. "Saving and Uncertainty: The Precautionary Demand for Saving," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(3), pages 465-473.
- M. I. Kamien & E. Muller, 1976. "Optimal Control with Integral State Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(3), pages 469-473.
- Evert van Imhoff, 1989. "Optimal Investment in Human Capital under Conditions of Nonstable Population," Journal of Human Resources, University of Wisconsin Press, vol. 24(3), pages 414-432.
- Karen Fisher-Vanden & Sheila Olmstead, 2013. "Moving Pollution Trading from Air to Water: Potential, Problems, and Prognosis," Journal of Economic Perspectives, American Economic Association, vol. 27(1), pages 147-172, Winter.
- Shortle, James S., 1987. "Allocative Implications Of Comparisons Between The Marginal Costs Of Point And Nonpoint Source Pollution Abatement," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 16(01), pages 1-7, April.
- Carolyn R. Harper & David Zilberman, 1992. "Pesticides and Worker Safety," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(1), pages 68-78.
- Kuwayama, Yusuke & Brozović, Nicholas, 2013. "The regulation of a spatially heterogeneous externality: Tradable groundwater permits to protect streams," Journal of Environmental Economics and Management, Elsevier, vol. 66(2), pages 364-382.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Martin Drechsler, 2022. "On the Cost-Effective Temporal Allocation of Credits in Conservation Offsets when Habitat Restoration Takes Time and is Uncertain," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 437-459, June.
- Guanyi Yu & Chunliang Xiu & Changsong Zhao & Zhengliang Ding, 2018. "Strategic Cross-Border Water Pollution in Songliao Basin," Sustainability, MDPI, vol. 10(12), pages 1-19, December.
- Lichun Xiong & Martin De Jong & Fengting Wang & Baodong Cheng & Chang Yu, 2018. "Spatial Spillover Effects of Environmental Pollution in China’s Central Plains Urban Agglomeration," Sustainability, MDPI, vol. 10(4), pages 1-15, March.
- Galinato, Gregmar I. & Hyland, Marie & Islam, Asif M., 2022. "Does corporate social responsibility benefit society? Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 53(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- James Shortle & Richard D. Horan, 2013. "Policy Instruments for Water Quality Protection," Annual Review of Resource Economics, Annual Reviews, vol. 5(1), pages 111-138, June.
- James Shortle & Richard D. Horan, 2017. "Nutrient Pollution: A Wicked Challenge for Economic Instruments," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-39, April.
- Horan, Richard & Shortle, James, 2014. "Point-Nonpoint Heresy?! An Endogenous Risk Explanation for Point-Nonpoint Trading Ratios Less than One," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170274, Agricultural and Applied Economics Association.
- Lichtenberg, Erik, 2002.
"Agriculture and the environment,"
Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 2, chapter 23, pages 1249-1313,
Elsevier.
- Lichtenberg, Erik, 2000. "Agriculture And The Environment," Working Papers 28567, University of Maryland, Department of Agricultural and Resource Economics.
- Christian Gollier & James Hammitt & Nicolas Treich, 2013.
"Risk and choice: A research saga,"
Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 129-145, October.
- Gollier, Christian & Hammitt, James K. & Treich, Nicolas, 2013. "Risk and Choice: A Research Saga," IDEI Working Papers 804, Institut d'Économie Industrielle (IDEI), Toulouse.
- Gollier, Christian & Hammitt, James K. & Treich, Nicolas, 2013. "Risk and Choice: A Research Saga," TSE Working Papers 13-444, Toulouse School of Economics (TSE).
- Suzi Kerr, 2013. "Managing Risks and Tradeoffs Using Water Markets," Working Papers 13_13, Motu Economic and Public Policy Research.
- Heinzel Christoph & Richard Peter, 2021. "Precautionary motives with multiple instruments," Working Papers SMART 21-09, INRAE UMR SMART.
- Peter, Richard & Hofmann, Annette, 2024. "Precautionary risk-reduction and saving decisions: Two sides of the same coin?," Insurance: Mathematics and Economics, Elsevier, vol. 118(C), pages 175-194.
- Hanson, James C. & McConnell, Kenneth E., 2008. "Simulated Trading for Maryland's Nitrogen Loadings in the Chesapeake Bay," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(2), pages 1-16.
- Newell, Richard G & Stavins, Robert N, 2003.
"Cost Heterogeneity and the Potential Savings from Market-Based Policies,"
Journal of Regulatory Economics, Springer, vol. 23(1), pages 43-59, January.
- Stavins, Robert & Newell, Richard, 2000. "Cost Heterogeneity and the Potential Savings from Market-Based Policies," RFF Working Paper Series dp-00-10-rev, Resources for the Future.
- Newell, Richard G. & Stavins, Robert N., 2000. "Cost Heterogeneity and the Potential Savings from Market-Based Policies," Discussion Papers 10577, Resources for the Future.
- Shogren, Jason F. & Stamland, Tommy, 2006. "Consistent estimation of the value of statistical life," Resource and Energy Economics, Elsevier, vol. 28(3), pages 262-281, August.
- Woodward, Richard T., 2001. "The Environmentally Optimal Trading Ratio," 2001 Annual meeting, August 5-8, Chicago, IL 20491, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Aaron M. Cook & James S. Shortle, 2022. "Pollutant Trading with Transport Time Lags," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(2), pages 355-382, June.
- Ranjan Ram, 2011. "Self Insurance and Insurance Demand under Self-Deception," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 5(2), pages 1-27, July.
- Hanson, James C. & McConnell, Kenneth E., 2007. "Nutrient Trading, the Flush Tax, and Maryland's Nitrogen Emissions to the Chesapeake Bay," Working Papers 7343, University of Maryland, Department of Agricultural and Resource Economics.
- Thomas Mayrhofer & Hendrik Schmitz, 2020.
"Prudence and prevention - Empirical evidence,"
Working Papers CIE
134, Paderborn University, CIE Center for International Economics.
- Mayrhofer, Thomas & Schmitz, Hendrik, 2020. "Prudence and prevention: Empirical evidence," Ruhr Economic Papers 863, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Donatella Baiardi & Mario Menegatti, 2011.
"Pigouvian tax, abatement policies and uncertainty on the environment,"
Journal of Economics, Springer, vol. 103(3), pages 221-251, July.
- M. Menegatti & D. Baiardi, 2010. "Pigouvian Tax, Abatement Policies and Uncertainty on the Environment," Economics Department Working Papers 2010-EP04, Department of Economics, Parma University (Italy).
- Alejandro Caparrós & David Zilberman, 2010. "Optimal carbon sequestration path when different biological or physical sequestration," Working Papers 1018, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
- Wang, Zhiyu, 2018. "Permit trading with flow pollution and stock pollution," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 118-132.
- Menegatti, Mario & Rebessi, Filippo, 2011.
"On the substitution between saving and prevention,"
Mathematical Social Sciences, Elsevier, vol. 62(3), pages 176-182.
- M. Menegatti & F. Rebessi, 2010. "On the substitution between saving and prevention," Economics Department Working Papers 2010-EP03, Department of Economics, Parma University (Italy).
More about this item
Keywords
Environmental externalities; Time lags; Uncertainty; Persistence;All these keywords.
JEL classification:
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- D9 - Microeconomics - - Micro-Based Behavioral Economics
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:68:y:2017:i:3:d:10.1007_s10640-016-0026-2. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.