| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7727 |
| 来源ID | Working Paper 7727 |
| Controlling Stocks and Flows to Promote Quality: The Environment, With Applications to Physical and Human Capital | |
| Nathaniel O. Keohane; Benjamin Van Roy; Richard J. Zeckhauser | |
| 发表日期 | 2000-06-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | Our analysis melds two traditional approaches to promoting quality. The first is restoring the stock of quality. The second is curbing its flow of deterioration. Although both approaches are widely used in real world settings, analytic models have tended to focus on one strategy or the other. We consider a class of problems, which we call SFQ' problems, in which both stocks and flows can be controlled to promote quality. We develop our results in the context of environmental quality, drawing on real-world examples from atomic wastes to zebra mussels. But the lessons are general, and we show how they apply to promoting the quality of both physical and human capital. We first study optimal policies in the limiting cases when only abatement or restoration is possible. We then focus on the full SFQ world, where both approaches can be used. We show that the optimal policy employs both instruments. Moreover, when combined optimally, neither strategy takes the form it would in the absence of the other. |
| 主题 | Microeconomics ; Mathematical Tools ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w7727 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565299 |
| 推荐引用方式 GB/T 7714 | Nathaniel O. Keohane,Benjamin Van Roy,Richard J. Zeckhauser. Controlling Stocks and Flows to Promote Quality: The Environment, With Applications to Physical and Human Capital. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7727.pdf（1618KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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