TY - JOUR
T1 - Two-goal environmental policy
T2 - An integration of micro and micro ad hoc decision rules
AU - Hochman, Eithan
AU - Zilberman, David
PY - 1979/6
Y1 - 1979/6
N2 - A method of predicting and comparing the immediate impact of different environmental policies and of selecting the optimal policy is suggested in this paper. The degradation of water quality by a polluting industry is used to demonstrate this approach. Aggregation over this industry consists of firms with "putty clay" properties in production, and credit constraints in the capital market generate the macrorelations. The macrorelations which depend on the level of the policy variables are expressed in terms of probabilities and moments of the distribution of the microrelations and are used for different planning purposes.
AB - A method of predicting and comparing the immediate impact of different environmental policies and of selecting the optimal policy is suggested in this paper. The degradation of water quality by a polluting industry is used to demonstrate this approach. Aggregation over this industry consists of firms with "putty clay" properties in production, and credit constraints in the capital market generate the macrorelations. The macrorelations which depend on the level of the policy variables are expressed in terms of probabilities and moments of the distribution of the microrelations and are used for different planning purposes.
UR - http://www.scopus.com/inward/record.url?scp=0018480965&partnerID=8YFLogxK
U2 - 10.1016/0095-0696(79)90027-5
DO - 10.1016/0095-0696(79)90027-5
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AN - SCOPUS:0018480965
SN - 0095-0696
VL - 6
SP - 152
EP - 174
JO - Journal of Environmental Economics and Management
JF - Journal of Environmental Economics and Management
IS - 2
ER -
