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Achieving efficiency for many global environmental problems requires voluntary cooperation among sovereign countries due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in economics seeks to understand how cooperation among countries...
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Why cooperation occurs when noncooperation appears to be individually rational has been an issue in economics for at least a half century. In the 1960's and 1970's the context was cooperation in the prisoner's dilemma game; in the 1980's concern shifted to voluntary provision of public goods; in...
Persistent link: https://www.econbiz.de/10012461641
This paper develops a simple model of a polluting industry and an innovating firm. The polluting industry is faced with regulation and costly abatement. Regulation may be taxes or marketable permits. The innovating firm invests in R&D and develops technologies which reduce the cost of pollution...
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This dissertation consists of five Chapters. Chapter I extensively reviews the literature on trade and the environment published since 1970.
Persistent link: https://www.econbiz.de/10009477660
We develop a spatial model of bulk commodity transportation price formation. The spatial transportation price model is first developed for the monopolist carrier. Then the model is extended to quantity-setting and price-setting duopolist carriers under incomplete cross-hauling. Measures...
Persistent link: https://www.econbiz.de/10009477715
In this dissertation, the microtheoretic measurement of technical change (TC) is developed as an alternative to the index number approach to total factor productivity (TFP) growth, incorporating recent theoretical developments in dynamic cost functions that shed light on the effects and role of...
Persistent link: https://www.econbiz.de/10009477909
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The paper begins with the problem of a firm subject to random productivity shocks drawn from a particular distribution. We are concerned with the case whereby the distribution of the shocks changes without the knowledge of the firm. Over time the firm learns about the nature and extent of the...
Persistent link: https://www.econbiz.de/10010843447