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An Optimized Microeconomic Modeling System for Analyzing Industrial Externalities in Non-OECD Countries

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  • Agnibho Roy
  • Abhishek Mohan

Abstract

In this paper, we provide an integrated systems modeling approach to analyzing global externalities from a microeconomic perspective. Various forms of policy (fiscal, monetary, etc.) have addressed flaws and market failures in models, but few have been able to successfully eliminate modern externalities that remain an environmental and human threat. We assess three primary global industries (pollution, agriculture, and energy) with respect to non-OECD entities through both qualitative and quantitative studies. By combining key mutual points of specific externalities present within each respective industry, we are able to propose an alternative and optimized solution to internalizing them via incentives and cooperative behavior rather than by traditional Pigouvian taxes and subsidies.

Suggested Citation

  • Agnibho Roy & Abhishek Mohan, 2017. "An Optimized Microeconomic Modeling System for Analyzing Industrial Externalities in Non-OECD Countries," Papers 1710.02755, arXiv.org.
    • Handle: RePEc:arx:papers:1710.02755
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    5. Moss, Charles B. & Schmitz, Andrew, 2013. "Positive and Negative Externalities in Agricultural Production: The Case of Adena Springs Ranch," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 45(3), pages 401-409, August.
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