The link between institutional and market failures, rural poverty and environmental degradation suggests a ‘win-win' policy intervention: relax local ‘constraints' and achieve poverty alleviation and environmental goals. We evaluate the ability of the Sloping Lands Conversion Programme...

We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...