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Voluntary environmental management programs for firms have become an increasingly popular instrument of environmental policy. However, the literature’s conclusion on the effectiveness of such programs is ambiguous, and for the European region there is a lack of evidence based on a large...
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to environmentally sensitive industries increases output and pollution emissions. We examine the environmental effects of … pollution emissions if resources are moved to an industry for which emissions intensity is high enough to overcome the reduction …
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develops technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a … either a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under …
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