Political jurisdictions have incentives to promote pollution spillovers to capture the benefits
of economic production within their borders while exporting the environmental costs to their …

We formally study the determinants, magnitude and distribution of efficiency gains generated
in multilateral linkages between permit markets. We provide two novel decomposition results …

Increased economic activity in low-Earth orbit (LEO) in the past century created debris fields
that impede current and future economic activities. We propose an economic model that …

China now faces severe air pollution problems while consuming a huge quantity of coal. At
present, due to the emission charges and the emissions trading policy failed to effectively …

This paper investigates the extent to which interjurisdictional spillovers--transboundary
pollution and the so-called'race to the bottom'--distort decentralized environmental …

Reducing emissions to improve air quality is the cornerstone of China's current
environmental protection efforts. Emissions trading as a market measure is internationally …

This paper explores economic aspects of reintroducing large, wide-ranging mammalian
carnivores, such as wolves and grizzly bears, to their native habitats. The key tension is that …

We examine the inefficiency of uncoordinated environmental regulation of CO 2 emissions
from electricity generation for a large regional US wholesale electricity market that spans …

This paper examines the strategic behavior of state-level utility regulators in the context of
the federal tradable emissions permits market when state-to-state pollution spillovers are …

Based on their finding of a positive and nearly linear relationship between GNP and
reductions of chlorofluorocarbon (CFC) emissions in the run-up to the Montreal Protocol …