Different regulatory bodies tend to develop environmental policies not recognizing the interdependencies between externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same activity. This study introduces a two-phase...

This paper quantitatively analyses the cost-effectiveness of alternative green payment policies designed to achieve a targeted level of pollution control by heterogeneous micro units. These green payment policies include cost-share subsidies that share the fixed costs of adoption of a...

Consumers voluntarily pay significant price premiums to acquire unobservable environmental attributes in green markets. This paper considers the performance of eco-certification policy under circumstances where consumers cannot discern environmental attributes in goods, but are able to form...