... at: stefan.ambec@toulouse.inra.fr © Emerald Group Publishing Limited 2011 From the literature on environmental regulations, it is well‐known that market‐based regulations such as taxes and cap‐and‐trade are more efficient in protecting the environment and preserving natural resources. By selecting...

...” phenomenon at the national level generally finds that economic dependence on mineral resources is associated with lower levels of economic growth. This paper shows that further insight can be obtained by studying micro‐level resource curse because of heterogeneity in institutions, natural resources...