either mitigate the health consequences of domestic pollution privately or reduce pollution collectively through public … ordinary citizens. The recognition that the health consequences of pollution can be dealt with privately at a cost adds an … private mitigation is feasible, inequality of incomes leads to an unequal distribution of the health burden of pollution (in …

We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in …

production. Pollution, as a force that discourages agglomeration, is caused by domestic production. We show that cities are too … large and too few in number in uncoordinated equilibrium if economic growth implies increasing pollution ('brown growth …

This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay …. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We … example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i …

for environmental pollution when holding firm equity, they require a premium on the return to equity. We show that …

instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic … neoclassical growth model augmented with the assumptions that pollution occurs as a by-product of output produced and environmental …-best policy instruments. We find that, in all cases studied, pollution permits are the worst policy choice, even when their …