This paper tests whether adopting the international norm ISO 14001 significantly impacts environmental performance in Quebec's pulp and paper industry. Using monthly data collected from 37 plants between 1997 and 2003, we show that: i) ISO certification does not lead to a reduction in total...

In this paper, we extend the problem of decentralization of Pareto optima in an economy with production externalities to the case where the production capacities upon which Pareto optimality is defined may differ from the aggregate of the firms expectations about their production possibilities....

This paper focuses on the influence of the influence of the opening of a market of allowances, such as the European Union Emission Trading Scheme, on the general equilibrium of an economy. Assuming there existed an equilibrium before the opening of this new market, we describe the changes in the...

Chile has pioneered the implementation of emission offseting programs pursuing simultaneously economic growth and environmental protection. In this paper, emission trading programs implemented in Santiago of Chile are analyzed and its relevance for developing countries is evaluated. It is argued...

The present paper examines, within a dynamic framework, the use of information provision as a policy instrument to supplement environmental taxation. We assume that at least a fraction of consumers do not posses the required information to make the optimal choices, and that their behavior at...

It seems an established empirical fact that Superfund sites lower local property values. Two recent literature reviews (Farber, 1998, Boyle and Kiel, 2001) report that published academic papers on the topic verify that point. The EPA’s approach assumes that all sites negatively impact property...

When a ship which carries fuel o any contaminant or toxic material gets into average, the first thing to do is taking it to harbour, where the flow can be controlled. If not possible, then take it to the coast, so that it sinks to the lowest deepness as possible and safe from streams dragging...

The conference of Kyoto 1997 instutionalized a new and important economic instrument for environmental protection, the Joint Implementation Progran (JI). The concept of Joint Implementation involves a bilateral or multilateral deal in which countries facing high pollution abatment costs invest...

The paper presents small scale CGE models designed to analyze the double dividend problem i.e. the simultaneous improvement of efficiency and environment through a revenue neutral tax reform. We show that in a one factor model with leisure weakly separable from consumption, a double dividend in...

This paper examines the strategic nature of choice of environmental standards under different degrees of openness of countries. It also compares and contrasts equilibrium environmental standards and levels of pollution, local and global, with the world optimum levels. It shows that, in case of...