Weak complementarity and production

Ju Chin Huang, V. Kerry Smith

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

This paper describes how weak complementarity, a common assumption to characterize consumer preferences for recovering measures of willingness to pay for nonmarketed environmental resources, can be used to evaluate the effects of pollution that may affect profits or costs. In such cases, pollution serves as an externality imposed by third parties on production activities.

Original languageEnglish (US)
Pages (from-to)329-333
Number of pages5
JournalEconomics Letters
Volume60
Issue number3
DOIs
StatePublished - Sep 1 1998

Keywords

  • D24
  • Externalities
  • H23
  • H41
  • Production losses
  • Quasi-rents
  • Weak complementarity

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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