We adopt a stepwise approach to the analysis of a dynamic oligopoly game in which production makes use of a natural resource and pollutes the environment, starting with simple models where firms' output is not a function of the natural resource to end up with a full-fledged model in which (i)...

CO2 emissions embodied in trade (EET) may play an important role in reducing regional obligations toward carbon emission reduction within the context of a nation's climate change and greenhouse gas emission policy. Based on a multi-region input-output (MRIO) analysis, this paper uses Shanghai's...