Pollution Control and the Behavior of the Firm—A Technical Note
- 1 January 1972
- journal article
- research article
- Published by Taylor & Francis in The Engineering Economist
- Vol. 17 (4) , 261-267
- https://doi.org/10.1080/00137917208902724
Abstract
In this paper an attempt is made to formulate a multiproduct firm's revenue and cost functions which incorporate the output and effluent markets, abatement and disposal costs. The search for profit maximization is formulated as a concave programming problem with pollution standard constraints. The special case of a firm which meets the minimum pollution standard is specifically solved. The classical theory of the firm becomes an extremely simple case of the general formulation.Keywords
This publication has 1 reference indexed in Scilit:
- Nonlinear ProgrammingPublished by University of California Press ,1951