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The Optimal Pricing of Undepletable Externalities

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  • N D Uri

    (Department of Energy, Office of Conservation and Solar Applications, Washington DC 20461, USA)

Abstract

In this paper, the quasi-optimal Pareto solution resulting from the imposition of an emission standard on an undepletable (public good) externality is derived. The basic vehicle around which the analysis is performed is a competitive general equilibrium model in the Negishi framework. The solution proves to be Pareto quasi-optimal in the sense that consumers will have maximized their utility for the given emissions level.

Suggested Citation

  • N D Uri, 1978. "The Optimal Pricing of Undepletable Externalities," Environment and Planning A, , vol. 10(3), pages 287-294, March.
    • Handle: RePEc:sae:envira:v:10:y:1978:i:3:p:287-294
    DOI: 10.1068/a100287
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    References listed on IDEAS

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    1. 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.
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