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| Author: | McAusland, C. |
| Title: | Cross-hauling of pollution factors |
| Journal: | Journal of Environmental Economics and Management
2002 : NOV, VOL. 44:3, p. 448-470 |
| Index terms: | Environmental economics Pollution Capital investment Environmental damage |
| Language: | eng |
| Abstract: | The author analyzes the investment/environment overlap using a two stage model of two jurisdictions. Capital exports are modeled as choice variables for capital owners who weigh income considerations against the effects of capital exports on the quality of their local environments and on environmental policy. The study reveals capital owners have an incentive to cross-haul polluting factors across jurisdictions when direct controls are used to regulate emissions and that this cross-hauling induces policymakers to ratchet up environmental policies in both locations.n |
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