The federal government now confronts considerable political pressure to add CO2 to the existing set of criteria air pollutants. As with current criteria pollutants, proposals call for control of CO2, assuming that the control of each of the three criteria pollutants is separable from the others....

In this paper, we calculate time series of shadow prices for Swedish emissions of CO2, SO2, and VOC for the period 1918 - 1994. Newly constructed historical emission time series enable studying a single country’s emission paths through increasing levels of economic activity. The shadow prices...

The aim of this paper is to introduce an alternative measure that incorporates the concept of a global Malmquist productivity index with a directional distance function. Unlike a conventional geometric mean form of the Malmquist-Luenberger productivity index, this global index is circular and...

This paper examines how the marginal CO2 abatement costs vary throughout stages of economic development, and how these variations may be related to the Environmental Kuznets Curve (EKC) hypothesis. By assuming the existence of a technological link between production of desirable outputs and...