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is that the EKC is examined in the presence of pollution as a by product of consumption activities; also, pollution is a … environment, consumers do not consider directly pollution in the maximization problem and are assumed to choose between two … that substitution of dirty consumption with clean consumption alone is not sufficient to reduce environmental pollution …
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A spatial welfare framework for the analysis of the spatial dimensions of sustainability is developed. It incorporates agglomeration effects, interregional trade, negative environmental externalities and various land use categories. The model is used to compare rankings of spatial configurations...
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We propose a theory of firm dynamics in which workers have ideas for new projects that can be sold in a market to existing firms or implemented in new firms: spin-offs. Workers have private information about the quality of their ideas. Because of an adverse selection problem, workers can sell...
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