The net benefits of bilateral cooperation between Finland and the former Soviet Union on reducing sulphur emissions are evaluated for both parties. The analysis is based on a sulphur transportation model and on estimated abatement cost functions. It is shown that efficient cooperation may entail...

The authors consider optimal cooperation in transboundary air pollution abatement among several countries under incomplete information, i.e., local information only on marginal emission abatement costs and damage costs. Directions of emission abatement in each country are determined that...

The problem of determining the optimal time to stop the "pure aging process" has a 150-year history in forestry. The success of the rotation model lies in the fact that it is taken to be theoretically sound, empirically testable and has clear practical relevance. Nonetheless, empirical findings...