The Clean Development Mechanism (CDM) provides an institutional framework for developed countries to support projects that reduce greenhouse gas emissions in developing countries. Are the technologies promoted those most needed by the recipient countries? We address this question by first...

This research examines the effect of air quality regulations on the productivity of US power plants based on both economic and environmental outputs. Using data envelopment analysis (DEA) to estimate an efficiency measure incorporating both economic and environmental outcomes, we look at changes...