This paper investigates the impacts of institutionalizing a credit-based transfer program between developing and developed countries. Such a program is expected to become an essence of the Clean Development Mechanism, which is to be implemented shortly. The provisions of financial and technological transfers are incorporated simultaneously into a dynamic game model of global stock pollution whe...

Since the passage of the environmental legislation in the early 1970's, critics have attacked these laws as being unnecessary and for contributing significantly to the problem of inflation in the United States. This paper is an attempt to put the inflationary costs of air pollution into perspective by considering them in light of the cost, especially to public health, of not proceeding with pol...

The environmental targets of the recently agreed Baltic Sea Action Plan (BSAP) targets are likely associated with a considerable cost, which motivates a search for low-cost policies. The following review shows there is a substantial literature on cost-efficient nutrient reduction strategies, including suggestions regarding low-cost abatement, but actual policies at international and national sc...

This paper presents evidence on whether multinationals are flocking to developing country "pollution havens". We begin with data from four developing countries, examining the pattern of foreign investment in Mexico, Venezuela, Morocco and Cote d'Ivoire. We find almost no evidence that foreign investors are concentrated in "dirty" sectors. We then examine the behavior of multinationals located i...