Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154986
Authors: 
Farzin, Y.H.
Kaplan, J.D.
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 32.1999
Abstract: 
This paper analyses the efficient management of nonpoint source pollution (NPS) under limited pollution control budget and incomplete information inherent in NPS pollution. By incorporating information acquisition into a pollution control model, it focuses on the tradeoff between data collection and treatment efforts and derives conditions under which (i) a favourable change in the state of treatment cost at one site may lead to an increase in treatment level at another site, (ii) a higher data collection cost induces more data collection, and (iii) an increase in information productivity leads to an increase in the level of data collection. A numerical simulation of the model illustrates how in managing NPS pollution the value of information acquisition depends on the degree of heterogeneity of polluting sites.
Subjects: 
Nonpoint Source Pollution
Uncertainty
Costly information
Constrained pollution control budget
JEL: 
D61
D81
D83
Q28
Document Type: 
Working Paper

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