When future international agreement for global environmental control is anticipated, decicions for controlling current carbon gas emissions by improving the country's abatement capabilities are strongly affected by the likelihood of and the likely outcome of such agreements. We construct a two period two country model where the quality of the atmospheric environment is a global public capital, and countries invets in abatement investments in the first period and engage in production activities in the second period.
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Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number
452.
Length: 44 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:osakae:452
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Find related papers by JEL classification: Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
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