instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic … neoclassical growth model augmented with the assumptions that pollution occurs as a by-product of output produced and environmental …-best policy instruments. We find that, in all cases studied, pollution permits are the worst policy choice, even when their …

-firm pollution alleviate the tendency of firms to delocate into the region with the weaker regulation; then, a deregulatory race to …

We analyze the formation of environmental policy to regulate transboundary pollution if governments are self … be too high if environmental interests and pollution-intensity of production are very strong; under different …

In this paper we study international river pollution problems. We introduce a model in which the agents (countries …) located along a river derive benefit while causing pollution, but also incur environmental costs of experiencing pollution … from all upstream agents. We find that total pollution in the model decreases when the agents decide to cooperate. The …

afford private mitigation of the adverse consequences of pollution is a central feature of the analysis. Private mitigation … leads to an endogenous, unequal distribution of the health-related consequences of pollution across income groups in a …