About Economic DropletsAn environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Category Archives: Pollution
Discussions of pollution control often focus on abatement technologies. But that’s only half the picture. Suppose a profit-maximising firm is producing and selling a good, but the production process emits a pollutant. In the absence of policy intervention, it will … Continue reading
Lack of natural drainage in urban environments can lead to flooding and pollution. Economics can help find appropriate solutions. There is a furore in Maryland, USA, where many residents will soon have to pay a “stormwater management fee” based on … Continue reading
Commonly discussed options for reducing pollution at minimum economic cost are taxes, subsidies and marketable permits. A combined tax and subsidy should be added to this list. Suppose a government wants to reduce an industry’s emissions of a pollutant to … Continue reading