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Books > Earth & environment > The environment > Environmental economics
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The Environment and Externality - Theory, Algorithms and Applications (Hardcover)
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The Environment and Externality - Theory, Algorithms and Applications (Hardcover)
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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.
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