The paper investigates alternative policies to regulate emissions from polluting product markets, specifically considering the case of the automobiles market. The two policies we consider are: a quota that limits the quantity produced of the polluting model and a more flexible average efficiency...

The neoclassical paradigm has proven to be a rich approach for evaluating a variety of issues for individual and social decision-making. However, an increasing body of literature suggests that actual behavior systematically violates the neoclassical utility model. This paper reviews a number of...

Stated preference analyses commonly impose strong and unrealistic assumptions in response to spatial welfare heterogeneity. These include spatial homogeneity or continuous distance decay. Despite their ubiquity in the valuation literature, global assumptions such as these have been increasingly...

As an attempt to investigate the adoption, future emphasis and benefits derived from traditional and contemporary western-orientated management accounting practices in Chinese organisations, in particular, in state-owned enterprises and foreign joint ventures located in China, this empirical...

This paper considers the adoption, perceived benefits, and expected future emphasis of western management accounting practices in the Chinese emerging market economy based on a sample of 64 joint ventures (JVs) and 115 State Owned Enterprises (SOE) gathered from a questionnaire survey. The study...

This paper examines equilibrium properties of local jurisdictions implied by the Tiebout-style model. A set of equilibrium conditions are derived from a general equilibrium model of local jurisdictions. The conditions are parameterized and empirically estimated in a two-stage procedure. The...

This paper examines the causes of spatial inequalities in economic development across rural America. A theoretical model is developed to analyze interactions between location decisions of firms and households as they are affected by natural endowments, accumulated human and physical capital, and...

Resource purchasing funds have become a major tool for environmental protection and resource conservation. These funds use various strategies to target resources for environmental conservation, the choice of which may lead to striking differences in environmental performance. This paper develops...

There is broad concern that humans are transforming our environment. This transformation has potential to impact humanity as we depend on the environment ecosystem services. According to the Millennium Assessment (2005), degradation and unsustainable exploitation presently threaten over 60% of...

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