Using the analytical framework of the environmental Kuznets curve, this study examines whether developing countries in the world enjoy the latecomer's advantage or suffer the latecomer's disadvantage in the area of environmental management and technology, with a focus on representative...

It is widely accepted that the costs of under-pricing energy are large, whether in advanced or developing countries. This paper explores how large these costs can be by focussing on the size of the external effects that energy subsidies in particular generate in two important sectors –...

Our study investigates the benefits that the Czech inhabitants could gain from the reduction of road traffic noise. We applied contingent valuation study in order to estimate willingness-to-pay (WTP) for the reduction of traffic noise by 10 dB (from 70 dB up 60 dB). Using data from 2010 Czech...

Export restrictions can be problematic if trading partners question either their conformity with international obligations or their possibly unintended negative impacts on others. Regulatory transparency can help. This paper examines how three multilateral environmental agreements (MEAs)...

Is rescuing the EU's emissions trading system impossible? Despite the substantial reform in 2008, subsequent problems of allowance surplus and a low carbon price have spurred new efforts to reform the system for the 2013–2020 phase. But these efforts have met resistance both among member...

This article contributes to the literature on environmental governance in industrialized democracies by showing that effectively conserving biodiversity requires different institutional strategies than reducing air emissions. Institutional effectiveness diminishes as the politically...

Standard economic theory predicts that if property rights to pollute are clearly established, equilibrium outcomes in an efficient emissions permit market will be independent of how the emissions permits are initially distributed. This so-called independence property has important implications...

This paper examines the effect of waterborne lead exposure on infant mortality in American cities over the period 1900 to 1920. Variation across cities in water acidity and the types of service pipes, which together determined the extent of lead exposure, identifies the effects of lead on infant...

In this paper, we examine the relationship between CO2 and SO2 (including carbonaceous aerosols) mitigations in a framework of correlated global and local externalities. The framework is set up in a revised RICE model [Nordhaus, WD and Z Yang (1996). A regional dynamic general-equilibrium model...