We argue analytically that many commonly used models of pollution-generating
technologies, which treat pollution as a freely disposable input or as a weakly disposable …

The Coase theorem is one of the most influential and controversial ideas to emerge from
post–World War II economics. This article examines the theorem's origins, diffusion, and the …

Within the general equilibrium framework, externalities are regarded as missing markets
which invalidate the first theorem of welfare economics. As witnessed by some authors' …

This paper offers an analytical model of emission permit markets in which a large number of
regulated emitters participate, and derives formulae that estimate the degree of market …

The usual internalization of externality 'by the market'can be thought of through two different
exchange modes: competitive markets, with Kenneth J. Arrow (1969); or bargaining, with …

Starrett (1972)[33] and Boyd and Conley (1997)[7] approaches to externality modeling are
unified by distinguishing between producible and nonproducible public commodities …

The controversy over the theoretical validity of the 'Coase theorem'is closely linked to the
controversy over the correct statement of it, since the principal need is to determine what …

Economic theory has generally acknowledged the role that institutions have in shaping
economic space. The distinction, however, between physical and institutional descriptions of …

C'est dans un passage de son article sur «La Commission fédérale des communications»(
Coase [1959]) que Coase remet pour la première fois en question la tradition pigovienne …

Should citizens lobby the government to reduce pollution permit endowments or should they
participate directly in the market by purchasing and retiring permits? We address this …