Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
95
Issue
12
Publisher
Utah State University Department of Economics
Publication Date
1995
First Page
1
Last Page
10
Abstract
The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality standard optimally.
Recommended Citation
Batabyal, Amitrajeet A., "A Renewal Theoretic Approach to Environmental Standard Setting" (1995). Economic Research Institute Study Papers. Paper 61.
http://digitalcommons.usu.edu/eri/61
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