Agenda

23 Mag 2018 12:30

A model of optimal exhaustible resource production and rehabilitation

Meeting Room 1, Campus San Giobbe, Venezia

Pauli Lappi - Dipartimento di Scienze Ambientali, Informatica e Statistica

Abstract:
Environmental issues during and after production are a major issue in contemporary exhaustible resource production. Production deteriorates the state of the environment and is a source of possibly harmful emissions. After the production has ceased, the production site is in need of rehabilitation. This paper analyzes the last two stages of exhaustible resource production: The production and rehabilitation decisions. The socially optimal regulation is investigated, and it is found that a pollution tax, a shut-down date and a requirement for the firm to deposit funds for costly rehabilitation with a profit tax are enough for the socially optimal extraction profile. It is also found that it is irrelevant from the social point of view when the firm pays the funds.

Lingua

L'evento si terrà in italiano

Organizzatore

Dipartimento di Economia (InSeminars)

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