Benchekroun, Hassan; Ray Chaudhuri, Amrita - In: Resource and Energy Economics 36 (2014) 2, pp. 601-619
Within a non-cooperative transboundary pollution game, we investigate the impact of the adoption of a cleaner technology (i.e., a decrease in the emission to output ratio). We show that countries may respond by increasing their emissions resulting in an increase in the stock of pollution that...