International trade is one of the key mechanisms for the diffusion of energy efficient technologies. Yet, little is known how regulations to fight climate change affect the international trade in goods needed to increase energy efficiency. This paper studies the case of the Energy Performance of...

This Article addresses a central battleground of the debate about the future of greenhouse gas regulations: the valuation of particulate matter reductions that accompany reductions in carbon dioxide emissions. The benefits from particulate matter reductions are substantial for climate change...

We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...