This paper analyzes the problem faced by a border protection agency if endogenous exporter abatement activities affect invasive species risk, allowing for unobservable differences in abatement cost. We show how the optimal inspection/penalty regime differs from the symmetric information case....

This paper offers the first economic analysis of wetlands mitigation banks. The banks are a new alternative for restoration of wetlands by developers before receiving regulatory approval for future development of wetlands in the same watershed. A stochastic optimal control model is developed...

Addressing the international threat of invasive species to biodiversity worldwide requires an international context due to the nature of the transboundary pollution. This paper presents a comparison of strategies to address the invasive species problem in noncooperative versus cooperative...

International cooperation on environmental problems is examined through the factors influencing aNorthAmerican Free Trade Agreement (NAFTA) institution’s decisions over environmental problems along the U.S.-Mexico border. An econometric study relates the approval by the NAFTA institution of...

Recent experience with the gasoline additive MTBE shows that regulations intended to improve environmental quality in one medium (e.g., air) may lead to unintended, and more serious, environmental consequences in another (e.g., water). The "cross-media pollution problem" refers to the unintended...