Jonathan Rubin

TL;DR: In this paper, the authors provide a general treatment of emission trading, banking, and borrowing in an intertemporal, continuous-time model using optimal-control theory, the decentralized behavior of firms is shown to lead to the least-cost solution attainable under joint-cost minimization.

TL;DR: In this paper, the authors investigate firms' incentives for banking or borrowing emission permits and compare the emission and output streams firms would choose with the socially optimal solution, finding that in many cases firms will suboptimally choose excessive damage and output levels in early periods and correspondingly too few in later periods if given the opportunity to freely move emissions between time periods.

TL;DR: In this article, the authors examined the macroeconomic rebound effect for the global economy arising from energy-efficiency policies, which refers to the idea that some or all of the expected reductions in energy consumption as a result of energy efficiency improvements are offset by an increasing demand for energy services.

TL;DR: In this article, a model that explicitly links how the characteristics of the individual and the information simultaneously influence an information program's success is presented, and the results point toward the importance of well-designed labeling practices as they significantly impact individuals' perceptions of the eco-friendliness of products.

TL;DR: In this article, an intertemporal permit banking system for the special case of a pollutant that only causes stock damages is developed. But the authors do not consider the effects of other types of pollution, such as those that cause flow damages.