Yard care is an economically important household production activity that also has potentially significant environmental or health impacts. Of particular concern are the possible negative impacts of using synthetic pesticides and fertilizers. But economic models and empirical analyses of yard...

This paper presents a distributional argument for the use of supply-side climate policies whereby carbon emissions are controlled through (i) depletion quotas or (ii) permanent confiscation of a fraction of the in situ carbon stocks. The modeling considers intertemporal competitive equilibria in...

We shed light on the Hartwick rule for capital accumulation and resource depletion by providing semantic clarifications and investigating the implications and relevance of this rule. We extend earlier results by establishing that the Hartwick rule does not indicate sustainability and does not...