chapter ten
THE ECONOMIC THEORY OF POLLUTION CONTROL
The Optimal Level of Pollution
learning objectivesAfter reading this chapter you will be familiar with the following:
• the main features of the pollution control (abatement) cost function;
• the main features of the pollution damage cost function;
• the trade-off between pollution control and pollution damage costs;
• the optimal level of pollution;
• how a change in consumers’ preference for environmental quality affects the optimal level of pollution;
• how a change in technology affects the cost of pollution control and the optimal level of pollution;
• an alternative explanation of market failure and its policy implications;
• the optimal pollution strategy: an ecological appraisal.
Pollution cleanup is better than doing nothing, but pollution prevention is the best way to walk more gently on the earth.
(Miller 1993:15)
-201-
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Book title: Principles of Environmental Economics:Economics, Ecology and Public Policy.
Contributors: Ahmed M. Hussen - Author.
Publisher: Routledge.
Place of publication: London.
Publication year: 2000.
Page number: 201.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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