the country level with data on pollution intensity at the industry level to show that countries with laxer environmental …. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is …

, and more broadly with the Demsetz's (1967) approach to property rights institutions. Indeed, we document world …

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 …

can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the … theory and in practice. A number of factors can call the independence property into question theoretically, including market …

measures of air pollution such as SO2 concentrations. Perceptions that WTO panel rulings have interfered with the ability of …

depletion? How does globalization affect air and water pollution? Do trade and investment create a race to the bottom in … environmental policy? How important are environmental impacts of transporting goods? We review theory and empirical work linking …

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