This paper examines the Regional Clean Air Incentives MArket (RECLAIM) which was launched in Los Angeles in January 1994. RECLAIM is an emissions trading program which is expected to decrease hazardous pollutants from stationary sources in the South Coast Basin. I analyze the transactions data...

This paper extends and challenges Maler and de Zeeuw's (1996) acid rain linear-quadratic differential game.

This paper considers the case of Bayesian learning about the relationship between the greenhouse-gas level and temperature rise. Learning takes time because of a stochastic shock to the realized global mean temperature. The paper illustrates the difficulty of quickly learning about the...

En matiere de pollution de l'air, les couts les plus eleves supportes par la collectivite concernant la sante. La sante publique constitue de ce fait un critere determinant dans les decisions publiques liees a la lutte contre la pollution atmospherique. Recemment, les progres des etudes...