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Optimal intervention policies for a region facing pollution-induced uncertainty

Ingene, Charles A. / Yu, Eden S. H.

Abstract This paper examines optimal interventions in the presence of externality-induced uncertainty. A regional model of three activities involving polluting, nonpolluting and pollution-abating industries is developed, and a Taylor series technique is utilized to represent a stochastic regional utility function. Optimal intervention policies in the forms of output or input taxes and subsidies are then deduced and analyzed.

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Optimal intervention policies for a region facing pollution-induced uncertainty

Ingene, Charles A. / Yu, Eden S. H.

Abstract This paper examines optimal interventions in the presence of externality-induced uncertainty. A regional model of three activities involving polluting, nonpolluting and pollution-abating industries is developed, and a Taylor series technique is utilized to represent a stochastic regional utility function. Optimal intervention policies in the forms of output or input taxes and subsidies are then deduced and analyzed.

Optimal intervention policies for a region facing pollution-induced uncertainty

Ingene, Charles A. / Yu, Eden S. H.

Abstract This paper examines optimal interventions in the presence of externality-induced uncertainty. A regional model of three activities involving polluting, nonpolluting and pollution-abating industries is developed, and a Taylor series technique is utilized to represent a stochastic regional utility function. Optimal intervention policies in the forms of output or input taxes and subsidies are then deduced and analyzed.

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Title:

Optimal intervention policies for a region facing pollution-induced uncertainty

Contributors:

Ingene, Charles A. (author) / Yu, Eden S. H. (author)

Published in:

The Annals of Regional Science ; 23

Publication date:

1989

ISSN:

DOI:

https://doi.org/10.1007/BF01624508

Type of media:

Article (Journal)

Type of material:

Print

Language:

English

Keywords:

Regionalökonomik , Kommunalpolitik , Umweltforschung , Regionalforschung , Regionalwissenschaft , Regionalentwicklung , Städtebau , Zeitschrift , Stadtentwicklung , Raumordnung , Umweltwissenschaften

Classification:

BKL: 74.72 Stadtplanung, kommunale Planung / 83.64 Regionalwirtschaft / 74.12 Stadtgeographie, Siedlungsgeographie
Local classification TIB: 770/3010

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