The Economics of Emissions of a Flow Pollutant

Requires a Wolfram Notebook System
Interact on desktop, mobile and cloud with the free Wolfram Player or other Wolfram Language products.
This Demonstration shows marginal private profit and marginal external damage cost as functions of emissions of a flow pollutant linked to production of a good. The negative effects of the pollution are not included in the private optimum solution (emission level 1). Green and red areas indicate positive and negative profits, respectively.
Contributed by: Arne Eide (December 2013)
Open content licensed under CC BY-NC-SA
Snapshots
Details
detailSectionParagraphPermanent Citation
"The Economics of Emissions of a Flow Pollutant"
http://demonstrations.wolfram.com/TheEconomicsOfEmissionsOfAFlowPollutant/
Wolfram Demonstrations Project
Published: December 2 2013