Tag Archives | Economic Theory

Controlling Pollution and Externalities | Environmental Economics

This article throws light upon the top two measures used to control pollution and externalities. The measures are: 1. Imposing a Pigouvian Tax 2. Environmental Regulation. Measure # Imposing a Pigouvian Tax: A "classical" representation to the externality problem, due to Pigou (1920), is depicted in Figure 1. The horizontal axis denotes output of a competitive industry, say steel, which [...]

By Sagarika Gupta|2016-06-28T10:18:08+05:30June 28, 2016|Environmental Economics|Comments Off

Top 3 Input-Output Models | Environmental Economics

This article throws light upon the top three input-output models. The models are: 1. The Cumberland - Isard/Daly I/O Models 2. The Modified Leontief Abatement Model 3. The Ayres-Kneese Model. 1. The Cumberland - Isard/Daly I/O Models: John Cumberland, in 1966 was one of the first to amend the famous Leontief Input-Output model to include pollutants and other such externalities [...]

By Sagarika Gupta|2016-06-28T10:18:06+05:30June 28, 2016|Environmental Economics|Comments Off