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

We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can … limit the effect of the shadow economy on pollution. We use panel data covering the period from 1999–2005 from more than 100 …

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 …

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 …