Environmental economics passed its age of infancy. It grew rapidly over the last decades and established itself as a discipline based on the powerful economic paradigm and reaching beyond it to capture important economy-environment interactions. The view offered here on the future of...

Optimal intertemporal pollution control with irreversibilities is investigated under conditions of certainty and uncertainty. When the assimilative capacity is positive, irreversible pollution levels are shown to be optimal only if the social time preference is sufficiently high. The...

This paper examines a Waste Management Organisation's (WMO) pricing options to implement the Pareto-efficient allocation in an economy where materials are first extracted, then used for producing a consumption good and finally recycled or landfilled. The WMO is established by the producers who...