We argue that marine fuel consumers and producers can reduce the uncertainty regarding their portfolios under environmental regulations aimed at air pollution reduction. Our results show that uncertainty can be reduced up to 72%. We also identify Gasoil futures as the universal hedging...

In developing countries widespread air pollution poses a major threat to public health calling for effective environmental regulation. This paper adds to a small literature on the health impact of different environmental regulations. Using data from eight waves of China Health and Nutrition...

This paper develops residual-based monitoring procedures for cointegrating polynomial regressions (CPRs), i.e., regression models including deterministic variables and integrated processes, as well as integer powers, of integrated processes as regressors. The regressors are allowed to be...

The purpose of this paper is to extend the dynamic resource allocation problem by including stock externalities like accumulated CO2 and SO2 emissions as well as flow externalities like waste of energy or pollutants which can be abated (SO2). The objective is to examine how the evolution of...