The standard theoretical literature has shown that environmental sustainability and positive economic growth are not incompatible as long as environmental policies are optimal. However, in showing this result earlier studies have relied on strong assumptions that may appear to charge the dice in...

The standard theoretical literature has shown that environmental sustainability and positive economic growth are not incompatible as long as environmental policies are optimal. However, in showing this result earlier studies have relied on strong assumptions that may appear to charge the dice in...

Disruptive technological changes, including carbon capture and storage, can have macroeconomic rebound effects that pose a threat to long term environmental sustainability when not accompanied by pollution taxes. The paper demonstrates that when the elasticity of intertemporal substitution is...

This paper examines the determinants of bilateral environmental aid to mitigate climate change, using an empirically testable multilateral framework in which both donors and recipient countries compete in world export markets. Potential donors tend to behave strategically, weighing environmental...

The differences between Common but Differentiated Responsibility (CBDR) principle and Equal Treatment for All Ships principle is becoming a stalemate for future policy progress in vessel-based CO2 reduction negotiations. This paper investigates the economic costs of CO2 reduction with and...

The reduction of SOx, NOx, and PM can be helpful to the environment and human health. However, due to their potential to cool the atmosphere, the reduction of such emissions may intensify the global warming, creating a seeming dilemma to policy makers. This paper uses the shipping Emission...

The fairness and effectiveness of the Clean Development Mechanism (CDM) in reducing greenhouse gas emissions (GHG) and promoting economic development is a matter of substantial concern for the international community as it works towards another GHG reduction agreement in Copenhagen. Among other...

A supplier provides several lead-time options to its customers in a periodic review inventory system. The replenishment lead time is a multiple of the inventory review cycle. Customers are classified into two groups: short lead-time customers requiring the product immediately and long lead-time...

Predicting long-term equity market returns is of great importance for investors to strategically allocate their assets. We apply machine learning methods to forecast 10-year-ahead U.S. stock returns and compare the results to traditional Shiller regression-based forecasts more commonly used in...