Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced by political authorities which forces the economy to make a transition to cleaner production processes. We model this transition as a change in "general purpose technology"...

Property rights and sustainable development / by Terry L. Anderson -- The skeptical environmentalist / by Bjørn Lomborg -- Economic growth, technological change and human well-being / by Indur M. Goklany -- Income and the race to the top / by Bruce Yandle, Maya Vijayaraghavan, and Madhusudan...