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Environmental Externalities, Disconnected Generations and Policy

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Abstract

Environmental resources can be depleted at a socially sub-optimal rate in a decentralised economy with incomplete markets. Pollution is an inevitable consequence of the production process: hence, when markets for tradable pollution rights are missing, there is in principle a clear rôle for government intervention. In particular, the welfare of unborn generations can be seriously impaired by the production decisions of optimising egoistic agents.

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Authors
  1. Giancarlo Marini
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  2. Pasquale Scaramozzino
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Editor information

Graciela Chichilnisky Geoffrey Heal Alessandro Vercelli

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© 1998 Springer Science+Business Media Dordrecht

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Marini, G., Scaramozzino, P. (1998). Environmental Externalities, Disconnected Generations and Policy. In: Chichilnisky, G., Heal, G., Vercelli, A. (eds) Sustainability: Dynamics and Uncertainty. Fondazione Eni Enrico Mattei (FEEM) Series on Economics, Energy and Environment, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4892-4_7

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  • DOI: https://doi.org/10.1007/978-94-011-4892-4_7

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-6051-6

  • Online ISBN: 978-94-011-4892-4

  • eBook Packages: Springer Book Archive

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