We consider environmental regulation in a context where firms invest in abatement technology under conditions of …

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty …. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on …

In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from … such regulations should be designed and combined. We find that the optimal regulation design crucially depends on the type … technology regulation encourages cleaner technologies in high damage areas, but discourages their use in low damage areas …

assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …

unlikely to make independent choices, we identify pressure, externalities and learning or emulation as plausible diffusion …

must be safely stored by landfill to avoid environmental damage. The costs of waste disposal create externalities. An …

growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long …