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Global economic convergence and protection of the climate are both worthwhile goals. Yet, there is an inherent tension between them. Greenhouse gases are a waste product that is often emitted in the production process. Limiting such emissions therefore hampers the accumulation of income and...
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We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
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The paper studies the effect of public transport policies on urban pollution. It uses a quantitative equilibrium model … with residential choice and mode choice. Pollution comes from commuting and residential energy use. The model parameters … transport coupled with increasing transit speed affects the equilibrium. In the baseline simulation, total pollution falls by 0 …
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This paper surveys the recent literature exploring the causes of urban pollution in the developing world and the … implications of such pollution for a city's competitiveness. Within a system of cities, cities compete for jobs and people. Those … pollution inhibit urban competitiveness? Second, why is this effect likely to grow in importance over time? Third, why have …
Persistent link: https://www.econbiz.de/10012005055