A firm-level model is developed to analyze the impacts of bankruptcy and uncertain firm wealth on incentives for safety under a strict liability rule. Future damages and wealth are uncertain, and a firm's income earning activities that possibly create damages are incorporated into the model....

This article, which synthesizes the results of more than 140 economic models analyzing the causes of tropical deforestation, raises significant doubts about many conventional hypotheses in the debate about deforestation. More roads, higher agricultural ...

There is clear concern in developing and transition economies that new and proposed changes in environmental policies and regulations will reduce exports. The existing 'trade and environment' literature, however, provides little empirical guidance for policy makers to evaluate sector-specific...