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SelectedWorks

Ted C Bergstrom

Selected Works

Resource Economics

Publication Year

Articles 1 - 2 of 2

Full-Text Articles in Social and Behavioral Sciences

Regulation Of Externalities, Ted C. Bergstrom Jan 1976

Regulation Of Externalities, Ted C. Bergstrom

Ted C Bergstrom

This paper presents a general equilibrium model with marketable pollution permits. It shows that competitive equilibrium with marketable permits is "conditionally optimal" in the sense that no Pareto improvement can be achieved without changing pollution standards. The paper also explores mechanisms for choosing efficient aggregate pollution levels.


The Use Of Markets To Control Pollution, Ted C. Bergstrom Jan 1973

The Use Of Markets To Control Pollution, Ted C. Bergstrom

Ted C Bergstrom

No abstract provided.