Nonpoint Source Pollution, Space, Time, and Asymmetric Information - a Deposit Refund Approach

• Autores: Renan-Ulrich Goetz, Dolors Berga
• Localización: Documents de Treball del Departament d' Economia ( Universitat de Girona ), ISSN 1579-475X, Nº. 10, 2004, págs. 1-26
• Idioma: inglés
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• Resumen

  • The incorporation of space allows the establishment of a more precise relationship between a contaminating input, a contaminating byproduct and emissions that reach the final receptor. However, the presence of asymmetric information impedes the implementation of the first-best policy. As a solution to this problem a site specific deposit refund system for the contaminating input and the contaminating byproduct are proposed. Moreover, the utilization of a successive optimization technique first over space and second over time enables definition of the optimal intertemporal site specific deposit refund system. JEL Classification Number: Q15, Q25, Q28.