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Nonpoint source pollution, space, time and asymetric information - a deposit refund approach
Goetz, Renan-Ulrich; Berga, Dolors
Universitat de Girona. Departament d'Economia
The incorporation of space allows the establishment of a more precise relationship between a contaminating input, a contaminating byproduct and emissions that reach the final receptor. However, the presence of asymmetric information impedes the implementation of the first-best policy. As a solution to this problem a site specific deposit refund system for the contaminating input and the contaminating byproduct are proposed. Moreover, the utilization of a successive optimization technique first over space and second over time enables definition of the optimal intertemporal site specific deposit refund system
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Universitat de Girona. Departament d'Economia

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