Gains of integrating sector-wise pollution regulation: The case of nitrogen in Danish crop production and aquaculture
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文摘
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A Computable General Equilibrium model is extended with an externality market for nitrogen pollution permits.

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Economic gains of integrating independent regulation of agriculture and aquacultures into a common system are identified.

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Common regulation lead to socio-economic gains through reallocation of pollution permits between sectors.

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Common regulatory gains are larger than losses of stricter environmental policy that fulfill EU's Water Framework Directive.

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