Advertisement

Optimal Environmental Use

  • Horst Siebert

Abstract

The transformation space analyzed in chapter 3 describes the production possibilities of two private goods and the public good “environmental quality” All combinations of the transformation space can be attained. But which set of outputs should be sought? In order to answer this question, we must introduce value judgments that eventually allow us to determine the desired set of outputs.

Keywords

Abatement Cost Pareto Optimum Shadow Price Competitive Equilibrium Marginal Abatement Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 1995

Authors and Affiliations

  • Horst Siebert
    • 1
  1. 1.Kiel Institute of World EconomicsKielGermany

Personalised recommendations