pollution are low. In this case RJVs fully share information and internalize the associated externality. However when the level …

This article proposes and evaluates four hypotheses about US pollution and environmental policy over the last half … century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has …

This paper estimates an augmented measure of national output inclusive of environmental pollution damage in the United … States economy over a 60-year period. The paper reports two primary findings. First, air pollution intensity declined … precipitously from the 1950s to the modern era. Air pollution damage comprised roughly 30 percent of output in the post WWII economy …

growing distributional concern that market forces could increase the pollution exposure gap between disadvantaged and other … communities by spatially reallocating pollution. We estimate how this "environmental justice gap" changed following the 2013 … critiques. Embedding a pollution transport model within a program evaluation framework, we find that while the EJ gap was …

noncompliant counties. Third, yields are substantially higher for bonds from counties just above the pollution threshold relative …

Do US air pollution offset markets disproportionately relocate pollution to or from low-income or minority communities … plants. We find little association of offset prices or offset-induced movements in pollution with the share of a community …

pollution. This article describes the recent trends in air and water quality, with a focus on the five years since China … declared a "war on pollution" in 2014. It summarizes the emerging literature that has taken advantage of accompanying … pollution, and understand their social, economic, and health consequences …