• Article  

      Asymmetric Tax Policy Responses in Large Economies With Cross-Border Pollution 

      Tsakiris, Nikos; Michael, Michael S.; Hatzipanayotou, Panos (2014)
      We build a model of cross-border pollution between two large open economies, one importing the polluting good and the other exporting it, and derive their non-cooperative trade and environmental tax policies. We show among ...
    • Article  

      Competition for environmental aid and aid fungibility 

      Hadjiyiannis, Costas; Hatzipanayotou, Panos; Michael, Michael S. (2013)
      Aid from environmentally conscious donors to developing recipients has long been thought of as a very promising way of preserving the global environment. However, aid is fungible and recipients cannot commit to using it ...
    • Article  

      Cross-border pollution, terms of trade, and welfare 

      Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. (2008)
      We construct a two-good general equilibrium model of international trade for two small open economies where pollution from production is transmitted across borders. Governments in both countries impose emission taxes ...
    • Article  

      Reforms of environmental policies in the presence of cross-border pollution and public-private clean-up 

      Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. (2005)
      We construct a two-country model where pollution from production is transmitted across borders. Pollution abatement is undertaken by both private producers and the public sector. We characterize Nash optimal levels of the ...