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rights to impair the environment (such as tradable pollution permits.) Among other possible benefits, these property rights …
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Public policy often regards pollution and other measures of poor environmental quality as public bads that result from … this article, I argue that pollution and environmental quality should instead be regarded from a property rights … of pollution and an overall improvement in environmental quality. Using cross-country data, I examine the relationship …
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Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or...
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