This paper makes some steps toward a formal political economy of environmental policy. Economists' quasi-unanimous preferences for sophisticated incentive regulation is reconsidered.

In the chapter 4 of their book "Endogenous Growth Theory", P. Aghion and P. Howitt introduce environemental pollution in an aggregate Schumpeterian model and they characterize the optimal path. In this paper , we study the equilibria in a decentralized compatible with their model. First study...

Dans leur ouvrage "Endogenous Growth Theory", P. Aghion et P. Howitt caracterisent les trajectoires optimales dans un modele schumpeterien ou ils introduisent explicitement des emissions de pollution qui deteriorent l'environnement. L'objectif du present article est de chercher comment ces...