We investigate the interplay between environmental policy, incentives to adoptnew technology, and repercussions on R&D. We study a model where a monopolistic upstream firm engages in R&D and sells advanced abatement technology to polluting downstream firms. We consider four different timing and...

Recently, much attention has been given to the notion of `sustainable consumption'. Whereas environmental economics traditionally has focused environmental policy analysis on producers, this new notion broadens the perspective to include environmental policies aimed at directly influencing...

We study optimal government policy when firms' operations involve a risk of a large environmental accident, firms do not have sufficient assets to cover such costs, and the risk is affected by firms' efforts which are unobservable to outsiders. When firms' profits and government revenues have...

Truck road pricing is on the brink of beingintroduced in a number of European countries.The experience gained from Switzerland, thefirst country worldwide to implement such adistant-dependent pricing scheme, has provedinvaluable. Nevertheless, significant questionsstill remain. The present paper...

In March 1997 the European Commission adopted aproposal that increases existing minimum levels oftaxation on mineral oils by around 10 to 25% andintroduces excises for other energy products. Thispaper analyses the macroeconomic impacts of theproposal. It employs three models: HERMES, GEM-E3,...

This paper recites much of the history of U.S. environmental policy, covering air quality, water quality, hazardous wastes, monitoring and enforcement, integration of environmental considerations into general economic planning, and the issue of federal-state relations. Policies are criticized in...

In this paper, we propose a methodology, based on materials accounting and operational research techniques, to assess different industry configurations according to their life cycle environmental impacts. Rather than evaluating a specific technology, our methodology searches for the feasible...