Why environmental management may yield no-regret pollution abatement options

Bréchet, Thierry;Jouvet, Pierre-Andre
(2009) 14th Annual Conference of the European-Association-of-Environmental-and-Resource-Economists — Location: Bremen(Germany) (23.June.2005)

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Authors
  • Bréchet, ThierryUCLouvain
    Author
  • Jouvet, Pierre-AndreUCLouvain
    Author
Abstract
Empirical evidence supports the existence of pollution abatement possibilities at negative costs, the so-called 'no-regret options'. We provide a microeconomic rationale for the existence of such potential at the firm level. An econometric application confirms that pollution abatement cost curves with no-regret options are compatible with a standard production function, as stated in our theoretical model. (c) 2008 Elsevier B.V. All rights reserved.
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Citations

Bréchet, T., & Jouvet, P.-A. (2009). Why environmental management may yield no-regret pollution abatement options. Ecological Economics, 68(6), 1770-1777. https://doi.org/10.1016/j.ecolecon.2008.11.007 (Original work published 2009)