While theory suggests that information programs may correct market failures and improve welfare, the empirical impacts of these policies remain undetermined. We show that mandatory disclosure programs in the electricity industry achieve stated policy goals. We find that the proportion of fossil fuels decreases, and the proportion of clean fuels increases in response to disclosure programs. Howe...

A principal]multiple agent model is used to examine wildlife damage abatement and compensation programs in a setting in which farmers suffer damages and hunters use the wildlife for recreational purposes. In addition to externalities inherent in abatement, abatementrcompensation policy confronts the issue of moral hazard. By representing the principal as a wildlife management authority who acts...

I study the advantages of pollution permit markets over traditional standard regulations when the regulator has incomplete information on firms’ emissions and costs of production and abatement (e.g., air pollution in large cities). Because the regulator only observes each firm’s abatement technology but neither its emissions nor its output, there are cases in which standards can lead to lower e...

The paper analytically explores the optimal policy mix between mitigation and environmental adaptation against climate change at a macroeconomic level. The constructed economicenvironmental model is formulated as a social planner problem with the adaptation and abatement investments as separate decision variables. The authors prove the existence of a unique steady state and provide a comparativ...

Urban traffic plans (UTPs) are tactical planning tools for managing urban areas and traffic noise abatement is one of their objectives, explicitly provided for under Italian law. To date, the various models and methods for estimating traffic noise have concerned its estimation in a point (or on a road segment). In this paper we propose a method that is able to evaluate the effects of UTPs on no...

In Northern and Central Europe, short-rotation coppices (SRC) have become a profitable agricultural production alternative, particularly for marginal fields with suitable groundwater levels. The replacement of fossil fuels by the wood chips produced in SRC contributes to the mitigation of greenhouse gases (GHGs). Due to heterogeneous regional production conditions, the impacts on economy, produ...

The paper analytically explores the optimal policy mix between mitigation and environmental adaptation against climate change at a macroeconomic level. The constructed economicenvironmental model is formulated as a social planner problem with the adaptation and abatement investments as separate decision variables. The authors prove the existence of a unique steady state and provide a comparativ...

Pollution Abatement and Control Expenditure in Romania: A Multilevel Analysis The transition process in Central and Eastern Europe was associated with growing environmental awareness. This paper analyses the determinants of Pollution Abatement and Control Expenditure (PACE) at plant level in the case of Romania using survey data and a Multilevel Regression Model (MRM). Our findings suggest that...

Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate policy. Based on economic theory and empirical modeling, it finds that without sanctions against non-participants there...