(final good) is not. Pollution is regulated by tradable emission permits. The issue is to see whether the optimal growth path … can be replicated in equilibrium with pollution permits, given that some permits must be issued free of charge for the …

papers that have a dichotomous approach and consider either the atmospheric pollution (first source of marginal disutility …) or the underground pollution ( second source), we consider the problem as a whole: CCS techniques introduce a third …

We analyze an overlapping generations model in which pollution arises, in an accumulative way, from production …. Households do not care directly about the environment, however pollution makes them incur health costs when they are elderly. We … show that the presence of pollution makes the economy more likely to be dynamically inefficient. For these cases we analyze …

In a one sector growth model with pollution in the utility function, the competitive equilibrium can be indeterminate … tax rate on pollution does not enter the condition characterizing indeterminacy. This means that the government is not … pollution in the utility function is crucial for this result. …

We study the dynamic properties of an endogenous growth model with pollution in which the government can control the … pollution through distorting taxes on the pollutant firms and through public abatement activities. First, we characterize the … found (one with a low level of pollution and the other with a high level) both of which can be locally indeterminate …

Most of the international environmental agreements that have been signed in the past to resolve transboundary pollution … transboundary pollution problem, we compare the relative efficiency of these two second-best agreements in the case of quasi …