Under certain conditions, externalities may be internalized by voluntary agreements between the involved parties. According to the Coase theorem, the equilibrium allocation is independent from whether the property rights are assigned to the polluter or to the pollutee. In this article we extend...

The present study estimates the benefit of Japanese Government antiglobal-warming policies using a contingent valuation (CV) method. The study focuses on the range of variability in answers due to changes in CV question conditions and assesses the usability of benefit estimation based on CV....

The empirical literature on environmental performance or compliance has followed two strands: one based on the impact of formal regulation as a means of inducing better environmental performance, and the other centered on the role of informal regulation that mainly emphasizes the role of...

The implementation of the Conversion of Cropland to Forest and Grassland Program (also known as the Grain for Green Program or the Sloped Land Conversion Program) in North West China is assessed and a number of policy issues discussed based on the results of a cost-benefit analysis of the...

In order to abate pollution, manufacturing facilities can either change their production processes (CPP) or introduce end-of-pipe technologies (EOP). The decision to undertake CPP rather than EOP is a reflection of the existence of economies of scope between production of the facility’s...

The terminology of renewable resource management spans not only prototype harvesting problems but also various new types such as invasive species problems. In all of these problems, process uncertainty of stock growth associated with environmental variability is one of the critical factors that...

This report presents an overlapping-generations model in which (1) pollution is generated as a by-product of capital, and (2) employment is rationed by monopolistic trade unions. We consider an environmental tax reform, consisting of a labor tax cut and the introduction of an environmental tax,...

The clean development mechanism (CDM) is attracting increased attention because it is a promising method for economic reduction of greenhouse gas emissions and is expected to reduce the economic gaps between developed and developing nations. We investigated how to quantify and manage risks in...

In order to handle the increasing problem of abandoned end-of-life vehicles (ELVs) in Sweden, an incentive system was introduced in 1975. One of the cornerstones of the system is a premium received by the owner when an ELV is returned for dismantling. The premium is intended to create an...

This study applied the Kuhn-Tucker model to Japanese recreational behavior in neighboring national parks. The results of the application show that local inhabitants attach importance to the satisfactory provision of facilities in each national park. Predictions are made regarding the changes in...