Willett K, Sharda R, 1988, "A dynamic multimarket equilibrium model for the economic analysis of pollution control policies" Environment and Planning A 20(3) 391 – 405
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A dynamic multimarket equilibrium model for the economic analysis of pollution control policies
K Willett, R Sharda
Received 10 April 1986; in revised form 17 May 1987
Abstract. The subject of this paper is the development of a dynamic economy-wide market equilibrium model that can be used to assess impacts of pollution control policies on economic performance. The model is stated in a mathematical programming structure with pollution discharge relationships and investment activities. A complete specification of the model is presented. Some equilibrium conditions for the model are developed and their implications for policy purposes are discussed. The paper also contains comments on a possible solution procedure for such a model.
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