This paper extends the methodology for the economic analysis of tropospheric ozone regulation reported in Repetto (1987). Firstly, the acid rain objective is explicitly incorporated by assigning an additional benefit to the acidifying precursors of ozone. Secondly, we introduce the transboundary...

In 1990, the U.S. Congress passed legislation that amended the Clean Air Act to create a new program to mitigate the effects of acid deposition in the U.S. through emission reductions of sulfur dioxide (SO<Subscript>2</Subscript>) and nitrogen oxides (NO<Subscript>x</Subscript>) at electric utility plants across the country. The SO<Subscript>2</Subscript>...</subscript></subscript></subscript>

The importance of compensation payments for biodiversity-enhancing land-use measures has grown over the past decade, particularly in connection with agri-environmental policy. Given that both the costs and the benefits of biodiversity-enhancing land-use measures are subject to spatial variation,...

FUND is an integrated assessment model of the interactions between climate and economy. Nine world regions emit greenhouse gases, and suffer damages from climate change. A number of greenhouse gas emission reduction policies are compared, including optimal and cost-effective strategies,...

The aim of the paper is to discuss the concept of cost-effectiveness of national air pollution abatement programmes, analyze it from a region-wide perspective, and outline a framework for integrating international and domestic environmental priorities. The paper refers to air protection policy...

Wetlands, in Sweden and elsewhere, have been suggestedas effective and low-cost sinks for agriculturalpollution. This paper estimates the value of usingwetlands for abatement of agricultural nitrogen loadon the Baltic Sea. A replacement value of wetlands isestimated for Sweden. The replacement...

The purpose of the paper is to analyze the possibility of introducing a system of transferable discharge permits (TDP) to develop the joint implementation procedure conceived in the Second Sulfur Protocol. The analysis is performed considering not only the European countries that have agreed...

The use of a system of transferable discharge permitsto control the harmful effects of non-uniformly mixedpollutants requires the application of trading rulesin order to prevent permit trading among sources fromviolating environmental standards. The elements andproperties of bilateral trading...