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Titolo:
Cost-effective and stochastic dominance approaches to stochastic pollutioncontrol
Autore:
Horan, RD;
Indirizzi:
Michigan State Univ, Dept Agr Econ, E Lansing, MI 48824 USA Michigan StateUniv E Lansing MI USA 48824 Econ, E Lansing, MI 48824 USA
Titolo Testata:
ENVIRONMENTAL & RESOURCE ECONOMICS
fascicolo: 4, volume: 18, anno: 2001,
pagine: 373 - 389
SICI:
0924-6460(2001)18:4<373:CASDAT>2.0.ZU;2-R
Fonte:
ISI
Lingua:
ENG
Soggetto:
STANDARDS;
Keywords:
cost-effective; environmental policy goals; environmental policy objectives; pollution control; stochastic dominance;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
22
Recensione:
Indirizzi per estratti:
Indirizzo: Horan, RD Michigan State Univ, Dept Agr Econ, E Lansing, MI 48824 USA Michigan State Univ E Lansing MI USA 48824 ansing, MI 48824 USA
Citazione:
R.D. Horan, "Cost-effective and stochastic dominance approaches to stochastic pollutioncontrol", ENVIRON R E, 18(4), 2001, pp. 373-389

Abstract

Most economic studies of pollution externalities focus on the relative efficiency or cost-effectiveness of alternative pollution control instruments. Much less attention has been paid to policy goals and objectives. However,a comprehensive pollution control strategy depends on all of these choices. This paper examines several efficiency properties of cost-effective pollution control strategies in a stochastic setting when economic damages from pollution are unknown. A number of policy goals are considered. In this setting and under a primal approach, it is found that certain stochastic dominance conditions must be satisfied for the strategies to exhibit desirable efficiency properties. A dual approach to cost-effective pollution control, which is based on a stochastic dominance objective, is also considered.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 10/07/20 alle ore 11:29:25