Electric power is a commodity with a number of peculiarities that are often conjured when calling for shelter from competition in the electricity sector. Among those special features is the alleged difficulty or even failure of the market process to maintain security of provision in view of...

This paper investigates the repercussions of noncooperative national environmental policies on international capital investments in the absence of transfrontier pollution with an emphasis on the consequences of removing the barriers to international capital transactions. Such repercussions are...

In its first part, the paper focuses on the relationships between the quality of the water resource, industrial sewage, and waste water treatment in two successive steps: intra-industrial waste abatement followed by centralized end-of-pipe purification in (public) purification plants....

Optimal intertemporal pollution control with irreversibilities is investigated under conditions of certainty and uncertainty. When the assimilative capacity is positive, irreversible pollution levels are shown to be optimal only if the social time preference is sufficiently high. The...

In their "Calculus of Consent" Buchanan and Tullock argued that self-interested agents choose social rules at the constitutional level with unanimity provided that these agents are sufficiently uncertain about their precise role at the post-constitutional level at which these rules will be...

In this paper a game model is considered whose strategically interacting agents are a polluting firm that can save abatement costs by illegal waste emissions and a monitoring agent (controller) whose job it is to prevent such pollution. When deciding on whether to dispose of its waste legally or...

Generation of drinking water from polluted raw water requires to reduce water pollution by overall emissions control, by technical raw water purification and/or by installing water protection areas. To achieve efficiency the purification effort must be equalised at all of these three margins. In...