4 Economics of ‘not’ controlling pollution
A case study of industrial pollution in Noyyal River Basin, Tamil Nadu, India
Introduction
Industrial pollution as a negative externality is one of the major environmental problems in India, affecting especially the water resources that generate multiple benefits to both households and firms. If industrial pollution in an ill-specified policy environment is directly proportional to the level of industrial output, then any attempt to increase the latter would correspondingly raise the social costs of pollution – in most cases, non-linearly. This has larger welfare implications: the welfare loss would be much worse in developing countries where the standard of living of a larger labour ...
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