Environmental economics passed its age of infancy. It grew rapidly over the last decades and established itself as a discipline based on the powerful economic paradigm and reaching beyond it to capture important economy-environment interactions. The view offered here on the future of...

In the October issue of INTERECONOMICS the author already published an article on "Environmental issues and the Developing Economies". The present continuation deals with the effects which the adoption of environmental controls in the developed countries may have on the developing economies.

After 30 years of reform and opening, China has become the world's second largest economy. However, the fast growth has come at the high cost of environmental degradation and resource consumption. The existing resource reserves and environment will not able to sustain the rapid economic...

In this paper we model the conflict between the group of polluting firms in a country and any social planner in the same country who attempts to control the volume of emissions generated during the production process. Both players of the game have their own control policies, i.e., the rate of...