Pub Date : 2011-08-01DOI: 10.1111/j.1468-0106.2011.00551.x
G. Chow
This article explains how economic analysis can be applied to understand environmental problems and to suggest appropriate policies to deal with these problems. Economic analysis is performed using static and dynamic models, and one‐person and several‐person game theoretical models. Policy recommendations include the control of industrial pollution in China and the regulation of world CO emission through the application of a resolution by the United Nations.
{"title":"Economic Analysis and Policies for Environmental Problems","authors":"G. Chow","doi":"10.1111/j.1468-0106.2011.00551.x","DOIUrl":"https://doi.org/10.1111/j.1468-0106.2011.00551.x","url":null,"abstract":"This article explains how economic analysis can be applied to understand environmental problems and to suggest appropriate policies to deal with these problems. Economic analysis is performed using static and dynamic models, and one‐person and several‐person game theoretical models. Policy recommendations include the control of industrial pollution in China and the regulation of world CO emission through the application of a resolution by the United Nations.","PeriodicalId":415834,"journal":{"name":"ERN: Comparative Case Studies of Industrial Policies & Regulatory Experiences in Emerging Markets (Topic)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128506375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In developing countries, consumers can buy many goods either in formal markets or in informal markets and decide where to purchase based on the product's price and anticipated quality. This pape assumes consumers cannot assess quality prior to purchase and cannot, at reasonable cost, identify who produced the good they are considering. Many products (meats, fruits, vegetables, fish, grains) sold both in formal groceries and, less formally, on the street fit this description. This paper also assumes that producers can adjust quality at a cost and only firms in the formal sector are subject to government regulation. In the long run, producers migrate to the sector that is more profitable. Using this model, we demonstrate how regulations in the formal sector can lead to a quality gap between formal and informal sector goods. Moreover, the paper investigates how changes in regulation affect quality, price, aggregate production, and the number of firms in each sector.
{"title":"Regulating an Experience Good Produced in the Formal Sector of a Developing Country When Consumers Cannot Identify Producers","authors":"Timothy J McQuade, S. Salant","doi":"10.1111/rode.12001","DOIUrl":"https://doi.org/10.1111/rode.12001","url":null,"abstract":"In developing countries, consumers can buy many goods either in formal markets or in informal markets and decide where to purchase based on the product's price and anticipated quality. This pape assumes consumers cannot assess quality prior to purchase and cannot, at reasonable cost, identify who produced the good they are considering. Many products (meats, fruits, vegetables, fish, grains) sold both in formal groceries and, less formally, on the street fit this description. This paper also assumes that producers can adjust quality at a cost and only firms in the formal sector are subject to government regulation. In the long run, producers migrate to the sector that is more profitable. Using this model, we demonstrate how regulations in the formal sector can lead to a quality gap between formal and informal sector goods. Moreover, the paper investigates how changes in regulation affect quality, price, aggregate production, and the number of firms in each sector.","PeriodicalId":415834,"journal":{"name":"ERN: Comparative Case Studies of Industrial Policies & Regulatory Experiences in Emerging Markets (Topic)","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123289133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：