In an overlapping-generations model with non-constant population growth, households own a natural renewable resource and have a family-altruism resource bequest motive. The natural resource can be either extracted and sold to firms, or bequeathed to children to increase their adult disposable...

Empirical evidence supports the existence of pollution abatement possibilities at negative costs, the so-called 'no-regret options'. We provide a microeconomic rationale for the existence of such potential at the firm level. An econometric application confirms that pollution abatement cost...

The negotiation strategy of the European Union was analysed with respect to the formation of an international climate agreement for the post-2012 era. Game theory was employed to explore the incentives for key players in the climate policy arena to join future climate agreements. A - 20%...

The paper analytically explores the optimal allocation of investments into mitigation and environmental adaptation against climate change damages at a macroeconomic level. The economic-environmental model is formulated as a social planner problem where adaptation and abatement investments are...