No-regret Pollution Abatement Options: A Correction of Bréchet and Jouvet (2009)

Article published in Ecological Econmics vol 175 (Sept. 2020)

In “Why environmental management may yield no-regret pollution abatement options”, Ecological Economics, 2009, Bréchet and Jouvet claim to have theoretically shown that profits maximizing firms can reduce pollution compared to laissez-faire and increase their profits. We correct multiple errors in their paper, with the conclusion that their claim no longer stands.

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