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This paper shifts the perspective of the recent green paradox literature towards the demand side. Based on a simple model, I show that a subsidy on input factors in a Cobb-Douglas production function may contribute substantially to postponing resource extraction into the future and, thereby, to...
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capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fisheries, and ecosystems. This book …
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the form of residential sorting, can lead to non-random assignment of pollution, economists have employed a wide range of … quasi-experimental techniques to develop causal estimates of the effect of pollution. Second, economic research has placed a … biological and behavioral effects of pollution and for proper welfare calculations. Lastly, economic research has expanded the …
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