Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...

Introduction / G. Venkat Raman and Rajan Kumar -- Liberal international order and the evolution of BRICS / Bappaditya Mukherjee -- Evolution of BRICS : history and politics / Ajay Patnaik -- BRICS in blues : potentialities of the maritime world : lessons from the history of money, metallism &...

The paper aims to analyze the problem of regulating a pollution-generating single product monopolistic firm in the presence of information asymmetry about the firm?s cost performance. Following Boyer and Laffont (1999), incentive-based optimal regulation of the firm?s price/ output and the...

The paper re-examines the hypothesis: free movement of capital from capital-rich Northern" to capital-poor Southern" countries worsens the global environment. Assuming that national governments regulate the pollution level optimally, by trading-o? the marginal beneit of pollution against its...

Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...