This paper examines the effects of international income transfers in the presence of technological uncertainty and shows the following results. First, a transfer paradox can occur only if the rates of return from assets are not equalized between the donor and the recipient. Second, the more...

It is widely known that emissions of greenhouse gases from anthropogenic activities have been dramatically increasing at the unprecedented rate over the past several decades, and causing the global climate change. To assess the future trends of such global climate change, it is necessary to...

Extending the standard 2 x 2 Heckscher-Ohlin-Samuelson model to include emission as the third production factor, we consider the effects of emission taxes on outputs and the level of emission. The following results are derived. First, an increase in emission tax imposed on one industry may...