The literature on environmental R&D frequently studies innovation as a two-stage process, with a single R&D event leading from a conventional polluting technology to a perfectly clean backstop. We allow for uncertainty in innovation in that the new technology may turn out to generate a new...

The implementation of biodiversity policies will often benefit different groups to a greater or lesser degree. For example, in establishing a property right to facilitate management of a biodiversity-related resource, people who previously had unrestricted use will be adversely affected....

La mise en œuvre des politiques en matière de biodiversité se traduit souvent par une répartition inégale des avantages. Par exemple, l’établissement d’un droit de propriété afin de faciliter la gestion d’une ressource liée à la biodiversité peut s’avérer préjudiciable pour...

In a simplifying analytical framework with endogenous levels of actual and self-reported emissions, we consolidate the existing literature into three main hypotheses about the relative merits, for a resource-constrained regulator, of random (RAM) and competitive (CAM) audit mechanisms in the...