and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution … regulated due to its historically large contribution to air and water pollution. Our paper contributes to the broader empirical … literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth …

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty …. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on …-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …

regulations. We study how recent bans on phosphate in household dishwasher detergent affect pollution loads to waterways, costs at …

We construct measures of firms' beliefs about climate regulation, plans for future abatement, and current actions on … abatement is strongly affected by firms' beliefs about climate regulation, with cross-firm interactions amplifying the … effectiveness of regulation …

The paper studies the effect of public transport policies on urban pollution. It uses a quantitative equilibrium model … with residential choice and mode choice. Pollution comes from commuting and residential energy use. The model parameters … transport coupled with increasing transit speed affects the equilibrium. In the baseline simulation, total pollution falls by 0 …

This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay …. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We … example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i …

the new technology may turn out to generate a new pollution problem. R&D may therefore be optimally undertaken more than … once. Using and externding recent results from multi-stage optimal control theory, we provide a full characterization of … the optimal pollution and R&D policies. The optimal R&D program is strictly sequential and has an endogenous stopping …