A RENEWAL THEORETIC APPROACH TO ENVIRONMENTAL STANDARD SETTING

The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality standard optimally.


Issue Date:
1995
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/28354
Total Pages:
10
JEL Codes:
D81; Q20
Series Statement:
ERI Study Paper 95-12




 Record created 2017-04-01, last modified 2017-08-24

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