Lecture

Optimal Abatement Strategies

Description

This lecture discusses optimal abatement strategies to reduce environmental damage, focusing on the impact of different levels of abatement on the economy and society. The instructor presents mathematical models to analyze the trade-offs between abatement costs and benefits, illustrating how policy decisions can affect the environment and welfare. Various scenarios are explored to understand the implications of no abatement versus different levels of abatement, providing insights into sustainable resource management.

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