environment. They feature warm-glow preferences and therefore will engage in private abatement in order to slightly influence the … stochastic process governing environmental quality. The government may also conduct abatement activities or introduce … environmental taxes. We solve for the market equilibrium abstracting from public abatement and taxes and show that the ecological …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a cold turkey abatement policy is optimal, i …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a cold turkey abatement policy is optimal, i …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a “cold turkey” abatement policy is optimal, i …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a "cold turkey" abatement policy is optimal, i …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a "cold turkey" abatement policy is optimal, i …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a “cold turkey” abatement policy is optimal, i …

We study the environmental and economic effects of public abatement in the presence of multiple stable steady … ecological equilibrium is hysteretic and a suitably designed temporary abatement policy can be used to steer the environment from … the bad to the good equilibrium. In all models considered in this paper, a “cold turkey” abatement policy is optimal, i …