Emission Control : Is it Efficient to Change Location?

The authors of several leading undergraduate textbooks on environmental economics use a MD-MAC model to graphically show and explain emission control. Their analysis, however, is site specific with an individual emission source using a least cost strategy to abate its emissions at a specific location. In this paper I expand the traditional textbook model with a graphical representation of the net gain to society when an emission source changes its venue. Specifically, I use my analysis to evaluate various emission control policies in terms of whether or not an individual policy will bring about the efficient move