International and Intergenerational Environmental Externalities
AbstractThe authors examine a world in which policymakers' actions in a given country at a given time have long-lived effects on a common resource: the global environment. They consider the first best in which long-lived planners behave cooperatively, then examine the allocation of resources when there is noncooperation across countries, across time, or both. Finally the authors analyze the dynamic behavior of the economy along balanced growth paths. It is found that, while long-lived international institutions are necessary to internalize all externalities, cooperation at a point in time may be harmful to future generations. Copyright 1997 by The editors of the Scandinavian Journal of Economics.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.
Volume (Year): 99 (1997)
Issue (Month): 3 (September)
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
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- Escapa García, Marta & Ansuategui Cobo, José Alberto & Pérez, Azucena, 2003. "International and Intergenerational Dimensions of Climate Change: North-South Cooperation in an Overlapping Generations Framework," IKERLANAK 2003-06, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
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- Hirazawa, Makoto & Saito, Koichi & Yakita, Akira, 2011. "Effects of international sharing of pollution abatement burdens on income inequality among countries," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1615-1625, October.
- Akihiko Yanase, 2005. "Pollution Control in Open Economies: Implications of Within-period Interactions for Dynamic Game Equilibrium," Journal of Economics, Springer, vol. 84(3), pages 277-311, 05.
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