Abstract
AbstractAs pollution control programs become an increasingly important part of government regulatory activities there also arises the question of the economic impacts of these activites. The purpose of this paper is to illustrate the use of a computable general equilibrium model for measuring the economic impacts of imposing a Best Available Control Technology (BACT) on the Electric Utilities industry. This application is intended only to demonstrate the feasibility of the approach—and is not designed for immediate policy purposes. The particular model used in this study is structured after a recently developed mathematical programming system which is designed to compute a general equilibrium solution. This system combines activity analysis with downward‐sloping demand curves, and solutions are obtained with a ‘single‐pass’ linear programming algorithm. The model's objective function plays the central role of driving the model to market‐clearing values.
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