This paper investigates the phenomenon of judicial corruption and incorporates it into Polinsky, A. M. (1980). Strict liability vs. negligence in a market setting. American Economic Review, 70, 363–367 framework so as to analyze the efficiency of the negligence rule. By shedding light on the...

This paper sets up a two-good (domestically- and internationally-produced goods) model of a small open economy with consumption externalities and uses it to examine the optimal taxation. Since keeping up with the Joneses leads an individual consumption's to impose a negative externality on the...

This note attempts to explore the driving force behind firms' voluntary environmental investment and to provide an alternative viewpoint to the traditional notion of environmental investment. We show that, if consumers are environmentally conscious, then firms' environmental investment will...

China is the second largest energy consumer in the world. This paper reviews the production and consumption of traditional and renewable energy in China over the past three decades. It also presents an overview on the research and development of renewable energy, such as solar, biomass,...

A method is presented for impact evaluation of dams/sluices on their downstream aquatic ecosystems in the absence of detailed long-sequence ecology ecosystem data. It is based on the analysis of relations between indices of water quality and aquatic organisms. It can be applied to a river...