Daily Archives: 25 septembre 2020

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

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.