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2 - Modeling Pollution as an Externality Provision Problem

Published online by Cambridge University Press:  02 December 2020

Zili Yang
Zili Yang
Affiliation:
State University of New York at Binghamton
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Summary

This chapter introduces the basic modelling framework of environmental externality. The modelling framework include four inter-connected models: SEEE, SEEN, DEEE, and DEEN models. They capture the externality feature of pollution in static or dynamic setting. We explain the mathematical and economic characteristics of these models in details. We also discuss the limitation and the issues beyond the basic models.

Keywords

SEEE and SEEN modelsDEEE and DEEN modelssocial welfare weightssimplex,
Type
Chapter
Information
The Environment and Externality
Theory, Algorithms and Applications
 , pp. 12 - 31
Publisher: Cambridge University Press
Print publication year: 2020

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