Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

A Computable Market Equilibrium Model with Markets for Transferable Discharge Permits

James S. Shortle and Keith Willett
Managerial and Decision Economics
Vol. 8, No. 4 (Dec., 1987), pp. 263-270
Published by: Wiley
Stable URL: http://www.jstor.org/stable/2560546
Page Count: 8
  • Download ($42.00)
  • Subscribe ($19.50)
  • Cite this Item
A Computable Market Equilibrium Model with Markets for Transferable Discharge Permits
Preview not available

Abstract

This paper presents a mathematical programming model for numerically analyzing the impacts of a transferable discharge permit (TDP) system on resource allocation and the distribution of income in a competitive equilibrium setting. Key assumptions of the model are linear household commodity demands, Leontief production functions requiring both primary and produced factors, fixed primary factor supplies and linear pollution dispersion processes. A basic model is presented with discussions of how it may be modified to examine alternative TDP configurations. In addition, there is also a discussion of relationships between key primal and dual variables and of issues involved in actual numerical implementation of the model.

Page Thumbnails

  • Thumbnail: Page 
[263]
    [263]
  • Thumbnail: Page 
264
    264
  • Thumbnail: Page 
265
    265
  • Thumbnail: Page 
266
    266
  • Thumbnail: Page 
267
    267
  • Thumbnail: Page 
268
    268
  • Thumbnail: Page 
269
    269
  • Thumbnail: Page 
270
    270