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
Rights
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.
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.
https://digitalcommons.usu.edu/eri/61