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

pollution. …

regulated due to its historically large contribution to air and water pollution. Our paper contributes to the broader empirical … and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …

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 …

We develop a North-South model of foreign aid and cross-border pollution resulting from production activities in the … recipient country. There is both private and public abatement of pollution, the latter being financed through emissions tax … recipient chooses the fraction of aid allocated to pollution abatement and/or the emission tax rate. At this equilibrium, an …

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 …