economies, are false or need serious amendment in a world with international trade in goods. Since the three results we … highlight have framed much of the ongoing discussion and research on the Kyoto protocol our viewpoint from trade theory suggests … a re-examination may be in order. Specifically, we demonstrate that in an open trading world, but not in a closed …

puzzle in standard economic models. To study this phenomenon, we propose a positive theory of IEAs in which the political … (might not be implemented in full). The theory also provides a new perspective for understanding investments in green …

Solution or the Lindahl Equilibrium to proceed to the Pareto frontier. We apply our theory to climate change mitigation, a …