Optimal accumulation of pollution: Exist
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Franz Wirl
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Article
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2000
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Elsevier Science
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English
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This paper extends the recent investigation of Tahvonen and Withagen (1996, Journal of Economic Dynamics and Control 20, 1775}1795) for costly and thus sluggish instead of instantaneous reductions in emissions. In addition to the social optimum, the paper investigates the competitive equilibrium. Th