• Article  

      Can cross-border pollution reduce pollution? 

      Hatzipanayotou, Panos; Lahiri, Sajal; Michael, Michael S. (2002)
      We develop a two-country model of foreign aid and cross-border pollution resulting from production activities in the recipient country. There is both private and public abatement of pollution, the latter being financed ...
    • 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  

      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 ...