Within a non-cooperative transboundary pollution game, we investigate the impact of the adoption of a cleaner technology (i.e., a decrease in the emission to output ratio). We show that countries may respond by increasing their emissions resulting in an increase in the stock of pollution that...

We study the effects on the food price of introducing biofuels as a substitute for fossil fuel in the energy market. Energy is supplied by a price-leading oil cartel and a competitive fringe of farmers producing biofuel. Biofuel production shares a finite land resource with food production. A...

Abstract We provide the closed form solution to the Dasgupta-Heal-Solow-Stiglitz (DHSS) model. The DHSS model is based on the seminal articles (Dasgupta and Heal, 1974) and (Solow, 1974) and Stiglitz (1974) and describes an economy with two assets, man-made capital and a nonrenewable resource...