and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution … regulated due to its historically large contribution to air and water pollution. Our paper contributes to the broader empirical … literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth …

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 …

We study the optimal and equilibrium size of cities in a city system model with environmental pollution. Pollution is …, if pollution is local or per capita pollution increases with population, we find that equilibrium cities are too large …. When pollution is global and per capita pollution declines with city size, however, equilibrium cities may be too small …

which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative …

robust to a host of sensitivity tests. These results suggest that air pollution plays an important role in mediating the …

The paper studies the effect of public transport policies on urban pollution. It uses a quantitative equilibrium model … with residential choice and mode choice. Pollution comes from commuting and residential energy use. The model parameters … transport coupled with increasing transit speed affects the equilibrium. In the baseline simulation, total pollution falls by 0 …