Shah, Farhed; Zilberman, David; Lichtenberg, Erik - In: Environmental & Resource Economics 5 (1995) 1, pp. 29-49
The adoption of pollution prevention and abatement practices is examined in the context of a model of exhaustible resource use with a backstop technology. For the sake of concreteness, the paper focuses on the problem of water-logging caused by the subsurface accumulation of agricultural...