Consider a pollution problem with two sources and two recipient regions. Abatement cost functions are given by
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Consider a pollution problem with two sources and two recipient regions. Abatement cost functions are given by Cj(ej)=(aj−bjej)2/2bj for j=1,2. The diffusion matrix is given by:
and the damage function for receptor m is Dm (Am)=dmA2m/2.
(a) Determine how many permits must be issued for each region.
(b) Consider the special case where h12=h22=0 and interpret.
Transcribed Image Text:
H = (M M2) h1 M
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It seems the pollution problem youre describing is one of optimizing abatement levels to minimize both the costs of pollution abatement and the damage ...View the full answer
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Related Book For
A Course In Environmental Economics
ISBN: 9781316866818
1st Edition
Authors: Daniel J Phaneuf, Till Requate
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