The Environment and Externality - Theory, Algorithms and Applications (Paperback)

This innovative book models pollution mitigation as a negative externality whilst also providing desirable and useful solutions, such as establishing the triangular equivalence relationship among the Lindahl equilibrium without transfers, the Nash bargaining solution with the payoffs of the Cournot-Nash equilibrium as the status quo point, and the social optimum under the Lindahl weights. By introducing programming algorithms to validate these relationships numerically, Zili Yang bridges the gap between analytical results and empirical modelling, ultimately solving the Lindahl equilibrium and hybrid Nash equilibria in the influential RICE model. This text demonstrates the complexity and variety of environment externality problems, ranging from mixed externality to correlated externalities to environmental externality under IRS and policy applications. Integrating theory, algorithms and applications in a comprehensive framework, The Environment and Externality will benefit scholars and students working across environmental, resource and climate change economics.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	December 2020
Authors:	Zili Yang
Dimensions:	230 x 153 x 24mm (L x W x T)
Format:	Paperback - Trade
Pages:	350
ISBN-13:	978-1-108-70830-2
Categories:	Books > Business & Economics > Economics > General Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Energy & natural resources law Books > Law > Laws of other jurisdictions & general law > Social law > Environment law Books > Earth & environment > The environment > Environmental economics > General
LSN:	1-108-70830-7
Barcode:	9781108708302

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