Table 5: Aggregate equilibrium and... | Emerald Publishing

Table 5:

Aggregate equilibrium and optimal appropriations — Lower environmental damage.

	Equilibrium outcomes		Soc. optimal outcomes		Tax/subsidy
Stock, θ	$x_{i}^{} + q_{i}^{}$	$α_{i}^{*}$	$x_{i}^{S O} + q_{i}^{S O}$	$α^{S O_{2}}$	t
θ = 1/10	0.073	0.019	0.076	−0.163	+∞
θ = 3/10	0.216	0.060	0.219	0.011	4.16
θ = 5/10	0.354	0.105	0.354	0.112	−0.059
θ = 7/10	0.490	0.154	0.480	0.199	−0.188
θ = 1	0.674	0.241	0.655	0.299	−0.143

	Equilibrium outcomes		Soc. optimal outcomes		Tax/subsidy
Stock, θ	$x_{i}^{} + q_{i}^{}$	$α_{i}^{*}$	$x_{i}^{S O} + q_{i}^{S O}$	$α^{S O_{2}}$	t
θ = 1/10	0.073	0.019	0.076	−0.163	+∞
θ = 3/10	0.216	0.060	0.219	0.011	4.16
θ = 5/10	0.354	0.105	0.354	0.112	−0.059
θ = 7/10	0.490	0.154	0.480	0.199	−0.188
θ = 1	0.674	0.241	0.655	0.299	−0.143