Pollution control under a possible future shift in environmental preferences

被引:8
作者
Nkuiya, Bruno [1 ]
Costello, Christopher [2 ,3 ]
机构
[1] Univ Alberta, Edmonton, AB T6C 4G9, Canada
[2] UCSB, Bren Sch, 4410 Bren Hall, Santa Barbara, CA 93106 USA
[3] UCSB, NBER, 4410 Bren Hall, Santa Barbara, CA 93106 USA
关键词
Pollution stock; Regime shift; Abrupt event; Dynamic analysis; Uncertainty; Environmental awareness; OPTIMAL MANAGEMENT; UNCERTAINTY; GROWTH;
D O I
10.1016/j.jebo.2016.05.021
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine how the possibility of a future shift in environmental preferences affects optimal pollution emissions. For example, is a more stringent carbon cap called for if excessive carbon emissions today may trigger a shift toward greener preferences in the future? In contrast to the related literature, which largely focuses on regime shifts in damages, not preferences, we find that the possibility of a shift in environmental preferences can induce higher, or lower, optimal current emissions. This hinges on an economically interesting interplay between the magnitude of the possible shift, whether the shift is endogenous, and the magnitude of environmental damages. This helps reconcile the tension between the conservationists' view of pollution reduction (to reduce damage and lessen the likelihood of regime shift) and the traditional economic rationale emphasizing risk and discounting. (C) 2016 Elsevier B.V. All rights reserved.
引用
收藏
页码:193 / 205
页数:13
相关论文
共 25 条
[1]  
[Anonymous], 1984, ADV APPL MICROECONOM
[2]  
[Anonymous], 2014, AM ENV US ENV MOVEME
[3]  
Beltratti A., 1996, MODELS EC GROWTH ENV, V8
[4]  
Beltratti Andrea, 1998, SUSTAINABILITY DYNAM, P257
[5]   Transboundary pollution and clean technologies [J].
Benchekroun, Hassan ;
Chaudhuri, Amrita Ray .
RESOURCE AND ENERGY ECONOMICS, 2014, 36 (02) :601-619
[6]  
Boyd J., 2016, RESOURCES, V191, P26
[7]   Optimal management of an ecosystem with an unknown threshold [J].
Brozovic, Nicholas ;
Schlenker, Wolfram .
ECOLOGICAL ECONOMICS, 2011, 70 (04) :627-640
[8]   CONSUMPTION POLLUTION TRADEOFFS IN AN ENVIRONMENT VULNERABLE TO POLLUTION-RELATED CATASTROPHIC COLLAPSE [J].
CLARKE, HR ;
REED, WJ .
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 1994, 18 (05) :991-1010
[9]   Regime shifts and uncertainty in pollution control [J].
de Zeeuw, Aart ;
Zemel, Amos .
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2012, 36 (07) :939-950
[10]   INTERNATIONAL POLLUTION-CONTROL - COOPERATIVE VERSUS NONCOOPERATIVE STRATEGIES [J].
DOCKNER, EJ ;
LONG, NV .
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1993, 25 (01) :13-29