We revisit the well known differential Cournot game with polluting emissions dating back to Benchekroun and Long (1998), proposing a version of the model in which environmental taxation is levied on emissions rather than the environmental damage. This allows to attain strong time consistency...

In the year 2006, an independent team of experts from Nigeria, the UK, and the United States convened by the Nigerian Conservation Foundation concluded that the Niger Delta is one of the world’s most severely petroleum-impacted ecosystems. The need for such an assessment resulted due to the...