The concept of development has drawn a big debate across the globe in the past few decades as it has resulted in multi-factoral pervasive effect in the socio-political and economic realms of the people and the surrounding habitats. As the nature of development is complex and varied so is it’s...

Relying on a standard formulation of dynamic models of pollution abatement, we propose a competition among countries committed to maximize their respective welfare without any form of agreement. When there exists a threshold level for the stock of pollution above which a catastrophe occurs, it...

"Permit trading is an environmental policy instrument that has received increasing levels of attention over recent years. Coming from the field of air quality management, with the European CO2 emissions trading system being the most prominent example, it enters new fields of application, such as...