technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …

harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …

Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability …

negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in …

pollution regulation. However, these studies have made restrictive assumptions regarding individual preferences and have ignored … key links between pollution, human health, and labor productivity. Together, these assumptions imply that the benefits of … that when the benefits of reduced pollution come in the form of improved health or productivity, the benefits do affect …

This paper discusses the environmental externalities that are commonly found in the developing world (the environmental …

interacting externalities. Using regional and temporal variation in pollution and disease transmission, we find exposure to more …Influenza and air pollution are significant public health risks with large economic consequences shared across the … air pollution significantly increases influenza hospitalizations. By exploiting the random deviations in influenza vaccine …

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 …

prevalence of small farms in the 1930s limited private solutions for controlling the downwind externalities associated with wind …