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The Environment and Externality: Theory, Algorithms and Applications

The Environment and Externality: Theory, Algorithms and Applications

The Environment and Externality: Theory, Algorithms and Applications
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The Environment and Externality: Theory, Algorithms and Applications Hardback -

by Zili Yang

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Details

  • Title The Environment and Externality: Theory, Algorithms and Applications
  • Author Zili Yang
  • Binding Hardback
  • Condition New
  • Pages 312
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Publication date
  • Features Bibliography, Index
  • Bookseller's Inventory # 6387699804
  • ISBN 9781108486798 / 1108486797
  • Weight 1.29 lbs (0.59 kg)
  • Dimensions 9 x 6 x 0.75 in (22.86 x 15.24 x 1.91 cm)
  • Category Business / Economics / Finance
  • Library of Congress subjects Equilibrium (Economics), Externalities (Economics)
  • Library of Congress Catalogue Number 2020053203
  • Dewey Decimal Code 333.701
  • Quantity available 4

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Reader reviews for The Environment and Externality: Theory, Algorithms and Applications

From the publisher

This innovative book models pollution mitigation as a negative externality whilst also providing desirable and useful solutions, such as establishing the triangular equivalence relationship among the Lindahl equilibrium without transfers, the Nash bargaining solution with the payoffs of the Cournot-Nash equilibrium as the status quo point, and the social optimum under the Lindahl weights. By introducing programming algorithms to validate these relationships numerically, Zili Yang bridges the gap between analytical results and empirical modelling, ultimately solving the Lindahl equilibrium and hybrid Nash equilibria in the influential RICE model. This text demonstrates the complexity and variety of environment externality problems, ranging from mixed externality to correlated externalities to environmental externality under IRS and policy applications. Integrating theory, algorithms and applications in a comprehensive framework, The Environment and Externality will benefit scholars and students working across environmental, resource and climate change economics.

Media reviews

Citations

  • Choice, 07/01/2022, Page 0
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