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https://doi.org/10.48548/pubdata-1257
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Field | Value |
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Resource type | Working Paper |
Title(s) | Optimal dynamic scale and structure of a multi-pollution economy |
DOI | 10.48548/pubdata-1257 |
Handle | 20.500.14123/1320 |
Creator | Baumgärtner, Stefan 0000-0001-8314-8462 121846857 Jöst, Frank Winkler, Ralph |
Abstract | We analyze the optimal dynamic scale and structure of a two-sectoreconomy, where each sector produces one consumption good and one specific pollutant. Both pollutants accumulate at di_erent rates to stocks which damage the natural environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time-path (i) the overall scale of economic activity may be less than maximal; (ii) the time scale of economic dynamics (change of scale and structure) is mainly determined by the lifetime of pollutants, their harmfulness and the discount rate; and (iii) the optimal control of economic scale and structure may be non-monotonic. These results raise important questions about the optimal design of environmental policies. |
Language | English |
Keywords | Emission; Control; Stock Pollution; Ökonomie; Ökologie; Emission; Wertpapieremission |
DDC | 330 :: Wirtschaft |
Year of publication in PubData | 2007 |
Publishing type | First publication |
Publication version | Published version |
Date issued | 2007-08-20 |
Creation context | Research |
Faculty / department | Frühere Fachbereiche |
Series title and number | Working paper series in economics 50 |
Alternative Idenfier(s) | urn:nbn:de:gbv:luen4-opus4-5080 |
Date of Availability | 2024-08-23T07:46:35Z |
Archiving Facility | Medien- und Informationszentrum (Leuphana Universität Lüneburg 02w2y2t16) |
Published by | Medien- und Informationszentrum, Leuphana Universität Lüneburg |
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