required to internalize global environmental externalities. Therefore we adopt a dynamic framework of two economies (i … international environmental externalities - both are empirically significant. Starting from noncooperation we investigate the … patent markets, knowledge spillovers are already internalized to a huge extent. For the output-induced pollution …

industrialization. Will pollution continue to increase without bound as more and more countries pass through the development phase or …-regulating' in the sense that as income increases, pollution controls also increase. However, this intuition is somewhat misleading … rate of development of the economy through market interactions and the extent of pollution regulation through collective …