This article examines the thermal power generation efficiency of ten Japanese electric power companies and the shadow prices of carbon dioxide (CO<Subscript>2</Subscript>) by employing a directional output distance function (DODF) with panel data for 1990–2011. We find that the shadow price of CO<Subscript>2</Subscript> varies greatly...</subscript></subscript>

Given that norms govern individual behaviour, which in turn are related to the environmental behaviour, this study provides empirical evidence of the link between human behaviour and the environment. Firstly with the use of robust frontiers the eco-efficiency ratios of 72 countries are...

This paper examines the effect of environmental policy on economic growth in a small open economy in a neoclassical framework with pollution as an argument in both the utility and production functions. We show that environmental policy imposes a drag on long-run growth in both the open and...

This paper attempts to reconcile two strands of literature on oil and speculation: one that posits the predominance of supply/demand fundamentals, and one that investigates the hypothesis of speculative trading. To do so, we develop a Markov switching analysis based on the WTI crude oil futures...

The development of climate-friendly technologies and its diffusion across countries is of key importance to slow climate change. This paper considers technologies in the mobile air-conditioning (MAC) sector which is a major contributor of fluorinated greenhouse gas emissions. Using patents as an...

This paper considers a two-country model with oligopolistic interdependence where firms make their output and emission decisions simultaneously, and face an emission tax and abatement subsidy. The impact of multilateral and unilateral policy reform on global emissions and welfare is examined,...

In recent years, alternative dispute resolution (ADR) techniques have increasingly been applied to settle environmental disputes. The order of occupancy often becomes a point at issue in such settlement processes. This paper analyzes a micro-level dataset of environmental ADR to examine how the...