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Why environmental management may yield no-regret pollution abatement options |
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| Authors: | Thierry Bré chet,Pierre-André Jouvet |
| Affiliation: | a Center for Operations Research and Econometrics (CORE), Université Catholique de Louvain, Voie du Roman Pays 34, B-1348 Louvain-la-Neuve, Belgium b Chair Lhoist Berghmans in Environmental Economics and Management, Université Catholique de Louvain, Voie du Roman Pays 34, B-1348 Louvain-la-Neuve, Belgium c EconomiX, Université de Nanterre-ParisX, 200 Avenue de la République, 92001 Nanterre Cedex, France |
| Abstract: | Empirical evidence supports the existence of pollution abatement possibilities at negative costs, the so-called ‘no-regret options’. We provide a microeconomic rationale for the existence of such potential at the firm level. An econometric application confirms that pollution abatement cost curves with no-regret options are compatible with a standard production function, as stated in our theoretical model. |
| Keywords: | No-regret options Pollution Environmental management |
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