Transboundary Pollution in the Black Sea: Comparison of Institutional Arrangements
AbstractThis paper analyses the transboundary pollution between Romania and Ukraine, coastal states along the Black Sea, and studies the welfare consequences of institutional arrangements for controlling this problem. To achieve this goal, we use a dynamic and strategic framework. We compare in terms of total welfare for two countries a first-best case with three different institutional arrangements: the non-cooperative game of countries, the uniform emission policy and the constant emission policy as proposed by the Black Sea Commission. Our findings indicate that the non-cooperative game provides a better level of total welfare than the other rules. Copyright Springer 2006
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 35 (2006)
Issue (Month): 4 (December)
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Web page: http://www.springerlink.com/link.asp?id=100263
Black Sea; dynamic games; environment; institutional arrangements; non-cooperative games; transboundary pollution; water pollution; C72; C73; Q5; Q53;
Other versions of this item:
- Basak Bayramoglu, 2004. "Transboundary pollution in the black sea : comparison of institutional arrangements," Cahiers de la Maison des Sciences Economiques v04020, Université Panthéon-Sorbonne (Paris 1).
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
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