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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Economics of Air Pollution

Economics of Air Pollution

Kumar, Surender

Paperback

Economics

ISBN10: 3639363132
ISBN13: 9783639363135
Publisher: Vdm Verlag
Published: Jun 15 2011
Pages: 284
Weight: 0.92
Height: 0.64 Width: 6.00 Depth: 9.00
Language: English
This study provides methods for empirical application of cost-benefit analysis in the projects of industrial pollution abatement. For the measurement of marginal abatement costs of pollution, output distance function is used as an analytical tool. This function requires only quantities of inputs and outputs, and not price information, this property makes it in environmental economics of immense value. Further, both stochastic and deterministic approaches are used for estimation of distance function. Benefits of abatement of pollution are measured with both the techniques - indirect and direct methods. In this study, thermal power sector is taken as in illustration. It is found that marginal abatement costs differ across the plants and there is negative association between environmental regulations and production efficiency. On the measurement of benefits of abatement, the difference between the direct and indirect methods proposed by economic theory is approved; people are willing to pay for environmental improvement in India. This study suggests the application of economic instruments in combination of CAC policy with caution.

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