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The 1990s produced a large literature on foreign trade and the environment, including both theoretical and empirical contributions. The paper surveys this literature. It starts by looking at the traditional Heckscher–Ohlin type models of international trade and then moves to noncompetitive...
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The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to … equal to the full social cost of emissions. This paper develops insights about the design of climate policy in the face of …
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variation in carbon prices between economies: historical emissions, the current level of economic development, and the economic … pricing are in proportion to the economy-level criteria, implying higher costs for economies with higher historical emissions …
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