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, ‘pollution havens’ emerge in countries where environmental regulation is ‘over-lax.’ We examine the impact of pollution abatement … equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze …
Persistent link: https://www.econbiz.de/10011334844
This paper empirically studies how emission pricing affects capital replacement and adoption of embodied environmental technology. A pricing policy encourages firms to accelerate retirement of old capital assets and replace them with newer more efficient assets, but this may crowd out...
Persistent link: https://www.econbiz.de/10013359048