can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the … theory and in practice. A number of factors can call the independence property into question theoretically, including market …

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate …

regulation and costly abatement. Regulation may be taxes or marketable permits. The innovating firm invests in R&D and develops … technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … to generate revenue. In a world of certainty, the first best level of innovation and abatement can be supported by either …

In recent years, cases in which state governments chose to override federal environmental regulation with tighter … paper argues that this change arose at least in part because of a shift in the type of regulation used at the federal level …, from command-and-control regulation toward more incentive-based regulation. Under an incentive-based federal regulation, a …

Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods …

. We propose an instrument for environmental regulation based on meteorological determinants of pollution dispersion identi …...ed by the atmospheric pollution literature. We find that the effect of environmental regulation on the pattern of trade is … the country level with data on pollution intensity at the industry level to show that countries with laxer environmental …

depletion? How does globalization affect air and water pollution? Do trade and investment create a race to the bottom in … environmental policy? How important are environmental impacts of transporting goods? We review theory and empirical work linking …

of California's carbon market, the world's second largest and most subjected to EJ critiques. Embedding a pollution … concern that market-induced spatial reallocation of pollution could widen existing pollution concentration gaps between … returned these EJ gaps back to 2008 levels. We demonstrate that explicit modeling of pollution dispersal is critical for …