In this paper, we compare endogenous environmental policy setting with centralized and decentralized governments when regions have comparative advantages in different polluting goods. We develop a two-region, two-good model with inter-regional environmental damages and perfect competition in...

In this paper, we examine the role of insurance coverage in explaining the generic competition paradox in a two-stage game involving a single producer of brand-name drugs and n quantity-competing producers of generic drugs. Independently of brand loyalty, which some studies rely upon to explain...

One of the objectives of the 1992 Convention on Biological Diversity is to create access to genetic resources and benefit-sharing (ABS) systems that incorporate the environmental, social, and economic aspects of sustainable development. Under the Convention, governments have sovereignty over...

We use a simple two-country oligopoly model of intra-industry trade to examine the implications of foreign direct investment for the pollution haven hypothesis and environmental policy. Countries which lower environmental standards to be more competitive in world markets generate pollution...

This paper briefly examines the effectiveness of photo radar, or the use of automatic camera-equipped traffic monitoring devices, in reducing road fatalities and collisions. Photo radar has become a controversial subject among the driving public, largely due to its tendency to produce...

With worldwide concern for how and where to dispose of household waste, policy-makers are increasingly looking for tools to efficiently and effectively reduce the amount of waste households produce. Using a comprehensive household-level data set involving 10,251 respondents from a cross-section...

It has long been recognized in economics that individuals can derive benefits from a resource stock without directly or indirectly utilizing that resource. Such non-use values, including existence values and bequest values, however, are often ignored in models of resource management. In this...

Households have choices when it comes to reducing waste sent to landfills: reduction of consumption or packaging, reuse of goods purchased, or recycling. In this paper, we adopt a holistic approach to the analysis of these choices as separate but related facets of households' waste management...