• 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  

      The effect of standards and fuel prices on automobile fuel economy: An international analysis 

      Clerides, Sofronis; Zachariadis, Theodoros (2008)
      There is an intense debate over whether fuel economy standards or fuel taxation is the more efficient policy instrument to raise fuel economy and reduce CO2 emissions of cars. The aim of this paper is to analyze the impact ...