In a reciprocal market model with imperfectly competitive firms, domestic policies will differ across countries that are economically and politically diverse. We explore the implications of this standard result with regard to harmonization of environmental policies between corrupt and...

Edward Barbier of the University of Wyoming elaborates on the relevance of the polluter pays principle for the Paulson bailout plan.

Edward Barbier and Geoffrey Heal explain an emerging field aimed at valuing ecosystems, whose purpose is to help policy makers decide things like how best to get New York clean water or the role that expanded wetlands might play in limiting storm damage in New Orleans.

In the paper, using a political altruism model, we make an attempt to explain why an upstream country might agree to a treaty that recognizes and enforces the water claims of a downstream country. In a natural extension of the standard economic model, it is possible to explain the above...

Various countries in Europe are considering tax schemes to combat the threat of global warming and Europeans have shown their concern by their growing support of the various Green parties. Unfortunately, policy-oriented research on climate warming lags behind North America and governments still...

Bilateral trade and capital flows have increased substantially between the United States and China yielding economic gains to both countries. However, these beneficial bilateral relations also bring about global environmental consequences including greenhouse gas emissions. The authors develop a...

This paper looks at a model in which two countries trade agricultural and manufactured commodities. The manufactured-goods sector produces with increasing returns to scale under conditions of monopolistic competition. It is shown that an increase in land endowment (or an increase in agricultural...

Endogenous growth theory has rekindled interest in the role of innovation in determining long-term economic growth. Generally, this body of literature has ignored the contribution of natural resources to growth or the role of innovation in overcoming resource scarcities. The latter problem has...

Mangroves are considered ecologicallyimportant due to their role as breedinggrounds and nursery habitats for off-shorefisheries. However, mangrove deforestationthrough conversion to shrimp aquaculturethreatens this valuable function. This paperdevelops a ‘dynamic’ production functionapproach...