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

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 …

international environmental agreement by making all countries at least as well off as they would be by joining coalitions adopting … countries would have an interest in leaving the international environmental agreement. The simulations show that the transfer …

The environmental regulations US firms are exposed to are often place-based, incentivizing firms to move to less …