Pollution control and technological advance: a dynamic model of the firm

Journal Article · Wed Mar 01 04:00:00 EST 1978 · J. Environ. Econ. Manage.; (United States)

DOI:https://doi.org/10.1016/0095-0696(78)90002-5· OSTI ID:6869906

Magat, W A

The paper extends the static comparison of effluent taxes and effluent standards to a dynamic world in which firms invest resources in improving their abatement technology as well as their production technology. The analysis shows that the two pollution control policies lead to a distinctly different allocation of R and D funds between improvement in abatement technology and improvement in production technology. The model also shows that a temporally constant effluent tax leads to an increasing effluent discharge rate for ''typical'' firms. Other results concern the pattern of output growth and the rate of technological advance. 23 references.

• Research Organization: Duke Univ., Durham, NC
• OSTI ID: 6869906
• Journal Information: J. Environ. Econ. Manage.; (United States), Journal Name: J. Environ. Econ. Manage.; (United States) Vol. 5:1; ISSN JEEMD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
500600 -- Environment
Atmospheric-- Regulations-- (-1989)
510600 -- Environment
Terrestrial-- Regulations-- (-1989)
520600 -- Environment
Aquatic-- Regulations -- (-1989)
54 ENVIRONMENTAL SCIENCES
ALLOCATIONS
BY-PRODUCTS
COMMERCIAL SECTOR
COMPARATIVE EVALUATIONS
ECONOMIC GROWTH
ENVIRONMENTAL IMPACTS
FINANCING
INDUSTRY
INVESTMENT
POLLUTION ABATEMENT
POLLUTION CONTROL
PRODUCTION
RESEARCH PROGRAMS
SIMULATION
STANDARDS
TAXES
TECHNOLOGY ASSESSMENT