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This paper examines the role of a sulphur dioxide (SO2) emissions quota introduced as part of China's 11th Five-Year Plan on internal movements of high-skilled labour across Chinese prefecture cities. Using data on migration flows calculated through changes in Hukou status, this study suggests...
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We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...
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In this paper, we characterize a mechanism for reducing pollution emis sions in which countries, acting non … for lower pollution relative to its marginal benefit from emissions. These results hold for any number of countries, in an … contributing to an international public good, in addition to undertaking pollution abatements, and find that the level of emissions …
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