ii ACKNOWLEDGEMENTS The authors would like to thank Joyashree Roy, Ernst Worrell, Puran Mongia, and Marta Khrushch for their valuable assistance and comments on previous drafts of this paper. Abstract Historical estimates of productivity growth in India's pulp and paper sector vary from indicating an improvement to a decline in the sector's productivity. The variance may be traced to the time p...

The purpose of this paper is to develop models with and without potential emissions trading and to compare industry profits under the two regimes. The model in which emissions trading is permitted is a nonparametric industry frontier model in the spirit of Färe et al. (1992). It is relative to this model that industry profit is computed. This profit is compared to the profit without emissions t...

A tool for understanding environmental decisions related to the pulp and paper industry A tool for understanding environmental decisions related to the pulp and paper industry