Detrimental externalities, nonconvexities and technical change

V. Kerry Smith

Research output: Contribution to journalArticle

2 Scopus citations

Abstract

This paper reexamines the implications of detrimental externalities for the nonconvexity of the social production set. A simple model, allowing for induced technical change, is developed to illustrate that the imposition of effluent changes can induce technological changes which serve to ameliorate these nonconvexities.

Original languageEnglish (US)
Pages (from-to)289-295
Number of pages7
JournalJournal of Public Economics
Volume4
Issue number3
DOIs
StatePublished - Aug 1975

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ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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