NDLI: Environmental amenities as a renewable resource: management and conflicts

Content Provider	Springer Nature Link
Author	Halkos, George E. Papageorgiou, George J.
Copyright Year	2016
Abstract	The major assumption made in this paper, is that the environment offers at large two distinct services each of different kind. First, the environmental resources may serve as inputs to the production of conventional goods. An example is the exploitation of an oil source from which, one firm extracts the oil which in turn is used as a fossil fuel for an industry. In the worst case, the use of the natural resources for industrial purposes will negatively affect the environment, e.g. the air quality over an industrial area. Nevertheless, saving abatement costs, production cost decreases due to possibility to pollute. Therefore, this first environmental service is evaluated positively by the economic agents (firms and consumers). The second service provided is the environment itself which offers amenities (i.e. clean air, blue coasts, natural creeks, clean rivers and lakes etc.) The crucial difference between the uses of the above services is how environmental quality affected and how much is the environmental degradation. From the pure economic point of view, the uses of the environmental services are consumptive and non-consumptive. Conversely in natural resources means, the environmental stock may be used as a raw material for the industrial production of conventional goods providing simultaneously a positive externality. Hence, the main purpose of this paper is twofold. First it considers the management at which the social planer has to steer emissions in an optimal way, meaning that both environmental quality and stock of pollutants remain optimal. Second it considers the conflict between the representative polluting producer and the representative environmental quality enjoyer which actually abates. In both cases we explore the complex limit cycle equilibrium, but additionally in the second case the analytical expressions of the crucial variables of the model are computed.
Starting Page	303
Ending Page	325
Page Count	23
File Format	PDF
ISSN	1432847X
Journal	Environmental Economics and Policy Studies
Volume Number	18
Issue Number	3
e-ISSN	1867383X
Language	English
Publisher	Springer Japan
Publisher Date	2016-02-23
Publisher Place	Tokyo
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Renewable resources Environmental economics Pollution Environmental Economics Social Policy
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics Management, Monitoring, Policy and Law

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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