Environmental standards as strategic outcomes: A simple model
AbstractThis paper analyses the strategic nature of choice of environmental standards considering both local and global pollution under alternative regimes of international trade. It also compares and contrasts the strategic equilibrium environmental standards and levels of pollution, local and global, with the world optimum levels. It shows that, in case of open economies, environmental standards can be either strategic substitutes or strategic complements. On the contrary, in case of closed economies, environmental standards are always strategic substitutes. It also shows that the strategic equilibrium environmental standards in case of open economies are higher than the world optimum in certain situations. Whereas, in absence of international trade, countries set, in equilibrium, lower environmental standards than the world optimum.
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Bibliographic InfoArticle provided by Elsevier in its journal Resource and Energy Economics.
Volume (Year): 32 (2010)
Issue (Month): 3 (August)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505569
Environmental standards Local pollution Global pollution Strategic choice World optimum;
Other versions of this item:
- Rabindra N. Bhattacharya & Rupayan Pal, 2008. "Environmental Standards as Strategic Outcomes : A Simple Model," Development Economics Working Papers 22151, East Asian Bureau of Economic Research.
- Rabindra N. Bhattacharya & Rupayan Pal, . "Environmental standards as strategic outcomes: A Simple model," Working Papers 2008-028, Madras School of Economics,Chennai,India.
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
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