This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay …. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We … example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i …

This paper adds to the literature on transboundary pollution by considering pollution related to both production and … transboundary pollution to analyze the effects of trade liberalization on economic performance under two types of pollution. Our … pollution is considered. When trade liberalization policy is mutually implemented, consumer surplus and social environmental …

consider interactions with the other. We synthesize theoretical mechanisms that underpin inequality-environment interlinkages … appraisal. We argue that it is crucial to consider inequality-environment interlinkages even if one’s primarily concern is one …

This paper derives a new effect of trade liberalisation on the quality of the environment. We show that in the presence … relative importance of these effects, and hence the overall effect of trade liberalisation on the environment, is affected by …-specific emission intensity decreases strongly with increasing firm productivity. -- trade and environment ; monopolistic competition …

We describe a "business as usual" (BAU) economy in which pollution is a by-product of productive activity by the … pollution abatement and finances it via distorting taxes and borrowing on perfect international markets. Pollution levels start … pay off the debt, that too, in finite time. Along the transition, every generation faces less pollution, consumes more and …