Optimal growth with pollution: How to use pollution permits?

Journal of Economic Dynamics and Control

Volumn 29, Issue 9, 2005, Pages 1597-1609

  Jouvet, Pierre Andre ^a,c   Michel, Philippe ^d   Rotillon, Gilles ^b  

^a Centre National de la Recherche Scientifique   (France)

^b UNIVERSITÉ PARIS OUEST NANTERRE LA DÉFENSE   (France)

^c UNIVERSITÉ DU MAINE   (France)

^d NONE

Author keywords

Environment; Market of permits; Optimal growth

Indexed keywords

EID: 23844520938     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2004.09.004     Document Type: Article

References (16)

1. De La Croix, D., Michel, Ph., 2003. A Theory of Economic Growth. Dynamics and Policy in Overlapping Generations. Cambridge University Press, Cambridge.
2. Diamond, Peter A., 1984. Search-Equilibrium Approach to the Micro Foundations of Macroeconomics. MIT Press, Cambridge, MA.
3. B. Forster Optimal energy use in a polluted environment Journal of Environmental Economic and Management 7 1980 321-333
4. G. Gruver Optimal investment and pollution control in a neoclassical growth context Journal of Environmental Economic and Management 5 1976 165-177
5. F. Hahn R. Solow A Critical Essay on Macroeconomic Theory 1995 Blackwell Publishers Oxford
6. A. John R. Pecchenino An overlapping generations model of growth and the environment The Economic Theory 104 1994 1393-1410
7. P.-A. Jouvet Ph. Michel G. Rotillon International Markets for Pollution Permits and Factor Income 2003 WP THEMA Nanterre
8. P-A. Jouvet Ph. Michel J.P. Vidal Intergenerational altruism and the environment Scandinavian Journal of Economics 102 2000 135-150
9. E. Keeler M. Spence R. Zeckhauser The optimal control of pollution Journal of Economic Theory 4 1971 19-34
10. Ph. Michel Some clarifications on traversality conditions Econometrica 58 1990 705-723
11. D.W. Montgomery Markets in licenses and efficient pollution control programs Journal of Economic Theory 5 1972 395-418
12. T. Ono Effects of emission permits on growth and the environment Environmental and Resource Economics 21 2002 75-87
13. V. Smith Dynamics of waste accumulation disposal: Versus recycling Quarterly Journal of Economics 86 1972 600-616
14. N.L. Stokey Are there limits to growth? International Economic Review 39 1998 1-31
15. O. Tahvonen J. Kuuluvainen Optimal growth with renewable resources and pollution European Economic Review 35 1991 650-661
16. T. Tietenberg Emission Trading and Exercise in Reforming Pollution Policy 1985 Resources for the Future Washington, DC