Faculty Publications

Title

The economics of stock pollutants: A graphical exposition

Document Type

Article

Journal/Book/Conference Title

Journal of Economic Education

Volume

26

Issue

3

First Page

236

Last Page

244

Abstract

The traditional approach to the economics of pollution deals with the special case of damage coming from the per-period flow of the pollutant. It does not consider the general case where the damage comes from the per-period flow and the accumulated stock of the pollutant. This article examines the limitations of the traditional flow approach and then summarizes fundamental advances in the economic theory of stock pollutants using a two-period graphical description. © 1995 Taylor & Francis Group, LLC.

Original Publication Date

1-1-1995

DOI of published version

10.1080/00220485.1995.10844875

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