Between 1990 and 2008, air pollution emissions from U.S. manufacturing fell by 60 percent despite a substantial … suggest that the implicit pollution tax that manufacturers face doubled between 1990 and 2008. These changes in environmental …

For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly …. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate …

pollution regulation. However, these studies have made restrictive assumptions regarding individual preferences and have ignored … key links between pollution, human health, and labor productivity. Together, these assumptions imply that the benefits of … that when the benefits of reduced pollution come in the form of improved health or productivity, the benefits do affect …

negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in …

harmful externalities, its actual use has been limited, mainly to the domain of pollution. Liability, in contrast, has great … importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … help to explain the observed predominance of liability over taxation, except in the area of pollution. The following …

Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability …

technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …

-O (EEIO) models include flows of both pollution and consumption of resources and energy. The present paper proposes a … complete characterization of the air pollution damage flows throughout the U.S. economy. Pollution intensity fell from 7 … percent of value-added in 1999 to 2 percent in 2011. The utility sector exhibits the highest ratio of pollution damage from …

stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities … congestion externalities substantially affects the value of the emissions tax, both in steady state and over the business cycle …

externalities--Pigouvian pricing--is suboptimal. I investigate policies aimed at externalities for time-inconsistent consumers …