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The Environment and Externality

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  • Yang,Zili

Abstract

This innovative book models pollution mitigation as a negative externality whilst also providing desirable and useful solutions, such as establishing the triangular equivalence relationship among the Lindahl equilibrium without transfers, the Nash bargaining solution with the payoffs of the Cournot-Nash equilibrium as the status quo point, and the social optimum under the Lindahl weights. By introducing programming algorithms to validate these relationships numerically, Zili Yang bridges the gap between analytical results and empirical modelling, ultimately solving the Lindahl equilibrium and hybrid Nash equilibria in the influential RICE model. This text demonstrates the complexity and variety of environment externality problems, ranging from mixed externality to correlated externalities to environmental externality under IRS and policy applications. Integrating theory, algorithms and applications in a comprehensive framework, The Environment and Externality will benefit scholars and students working across environmental, resource and climate change economics.

Suggested Citation

  • Yang,Zili, 2020. "The Environment and Externality," Cambridge Books, Cambridge University Press, number 9781108708302, October.
    • Handle: RePEc:cup:cbooks:9781108708302
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    Cited by:

    1. Antonio Pergolizzi & Emanuela Somalvico, 2020. "Le bonifiche delle discariche in procedura di infrazione UE. Criticit?, infiltrazioni criminali e proposte di policy," PRISMA Economia - Societ? - Lavoro, FrancoAngeli Editore, vol. 2020(2), pages 68-82.
    2. Yu Liu & Mingxi Du & Qi Cui & Jintai Lin & Yawen Liu & Qiuyu Liu & Dan Tong & Kuishuang Feng & Klaus Hubacek, 2022. "Contrasting suitability and ambition in regional carbon mitigation," Nature Communications, Nature, vol. 13(1), pages 1-9, December.
    3. Abudu, Hermas & Cai, Xiangyu & Lin, Boqiang, 2022. "How upstream petroleum industry affects economic growth and development in petroleum producing-countries: Evidence from Ghana," Energy, Elsevier, vol. 260(C).

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