IDEAS home Printed from https://ideas.repec.org/a/taf/jenpmg/v58y2015i4p678-700.html
   My bibliography  Save this article

Uncertainty in optimal pollution levels: modelling and evaluating the benefit area

Author

Listed:
  • George E. Halkos
  • Dimitra C. Kitsou

Abstract

This paper identifies the optimal pollution level under the assumptions of linear, quadratic and exponential damage and abatement cost functions and investigates analytically the certain restrictions that the existence of this optimal level requires. The evaluation of the benefit area is discussed and the mathematical formulation provides the appropriate methods for that to be calculated. The positive, at least from a theoretical point of view, is that both the quadratic and the exponential case obey the same form for evaluating the benefit area. These benefit area estimations can be used as indexes between different rival policies, and depending on the environmental problem, the policy that produces the maximum area will be the beneficial policy.

Suggested Citation

  • George E. Halkos & Dimitra C. Kitsou, 2015. "Uncertainty in optimal pollution levels: modelling and evaluating the benefit area," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 58(4), pages 678-700, April.
    • Handle: RePEc:taf:jenpmg:v:58:y:2015:i:4:p:678-700
    DOI: 10.1080/09640568.2014.881333
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09640568.2014.881333
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09640568.2014.881333?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Stavros Georgiou & Dale Whittington & David Pearce & Dominic Moran, 1997. "Economic Values and the Environment in the Developing World," Books, Edward Elgar Publishing, number 1163.
    2. Pizer, William, 2003. "Climate Change Catastrophes," RFF Working Paper Series dp-03-31, Resources for the Future.
    3. Edward B. Barbier, 1998. "The Economics of Environment and Development," Books, Edward Elgar Publishing, number 1363.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Halkos, George & Kitsos, Christos, 2018. "Mathematics vs. Statistics in tackling Environmental Economics uncertainty," MPRA Paper 85280, University Library of Munich, Germany.
    2. George E. Halkos & Dimitra C. Kitsou, 2018. "Weighted location differential tax in environmental problems," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(1), pages 1-15, January.
    3. Halkos, George & Kitsos, Christos, 2018. "Uncertainty in environmental economics: The problem of entropy and model choice," Economic Analysis and Policy, Elsevier, vol. 60(C), pages 127-140.

    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.
    1. Halkos, George, 2013. "Uncertainty in optimal pollution levels: Modeling the benefit area," MPRA Paper 47768, University Library of Munich, Germany.
    2. Alice Issanchou & Karine Daniel & Pierre Dupraz & Carole Ropars-Collet, 2018. "Soil resource and the profitability and sustainability of farms: A soil quality investment model," Working Papers SMART 18-01, INRAE UMR SMART.
    3. Venn, Tyron J. & Quiggin, John C., 2006. "Accommodating Indigenous Cultural Heritage Values in Resource Assessment," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139919, Australian Agricultural and Resource Economics Society.
    4. Jean-Marie Baland & François Libois & Dilip Mookherjee, 2018. "Forest Degradation and Economic Growth in Nepal, 2003–2010," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 5(2), pages 401-439.
    5. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2019. "Social Cost of Carbon under stochastic tipping points: when does risk play a role?," Working Papers hal-02408904, HAL.
    6. Ukwueze Ezebuilo & Ogujiuba Kanayo & Adenuga Adeniyi, 2005. "How Useful Is Contingent Valuation Of The Environment To Water Services? Evidence From South East, Nigeria," Econometrics 0512012, University Library of Munich, Germany.
    7. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    8. Swinton, Scott M., 2004. "Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus," Staff Paper Series 11668, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Yusuf, Arief Anshory & Resosudarmo, Budy P., 2009. "Does clean air matter in developing countries' megacities? A hedonic price analysis of the Jakarta housing market, Indonesia," Ecological Economics, Elsevier, vol. 68(5), pages 1398-1407, March.
    10. Juan de Dios Ortúzar & Luis A Cifuentes & Huw C W L Williams, 2000. "Application of Willingness-to-Pay Methods to Value Transport Externalities in Less Developed Countries," Environment and Planning A, , vol. 32(11), pages 2007-2018, November.
    11. Venn, Tyron J. & Quiggin, John, 2007. "Accommodating indigenous cultural heritage values in resource assessment: Cape York Peninsula and the Murray-Darling Basin, Australia," Ecological Economics, Elsevier, vol. 61(2-3), pages 334-344, March.
    12. Ekbom, Anders, 2009. "Determinants of Soil Capital," Working Papers in Economics 339, University of Gothenburg, Department of Economics.
    13. Cassar Silvana & Creaco Salvo, 2016. "Towards Tourism Sustainability: General Aspects and Empirical Evidence of the Italian Experience at Decentralized Level, with Specific Reference to Sicily," TalTech Journal of European Studies, Sciendo, vol. 6(1), pages 95-138, February.
    14. Whittington, Dale, 1998. "Administering contingent valuation surveys in developing countries," World Development, Elsevier, vol. 26(1), pages 21-30, January.
    15. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
    16. Halkos, George, 2014. "The Economics of Climate Change Policy: Critical review and future policy directions," MPRA Paper 56841, University Library of Munich, Germany.
    17. Kuiper, Marijke H. & Meijerink, Gerdien W. & Eaton, Derek J.F., 2006. "Rural Livelihoods: Interplay Between Farm Activities, Non-farm Activities and the Resource Base," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25442, International Association of Agricultural Economists.
    18. Peter Park & Edward Barbier & Joanne Burgess, 1998. "The Economics of Forest Land Use in Temperate and Tropical Areas," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 473-487, April.
    19. Buckwell, Andrew & Fleming, Christopher & Smart, James & Mackey, Brendan & Ware, Daniel & Hallgren, Willow & Sahin, Oz & Nalau, Johanna, 2018. "Valuing aggregated ecosystem services at a national and regional scale for Vanuatu using a remotely operable, rapid assessment methodology," 2018 Conference (62nd), February 7-9, 2018, Adelaide, Australia 273524, Australian Agricultural and Resource Economics Society.
    20. Rodriguez, Luis Carlos & Pascual, Unai, 2004. "Land clearance and social capital in mountain agro-ecosystems: the case of Opuntia scrubland in Ayacucho, Peru," Ecological Economics, Elsevier, vol. 49(2), pages 243-252, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    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:taf:jenpmg:v:58:y:2015:i:4:p:678-700. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CJEP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.