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Coordination of environmental policy for transboundary environmental problems?

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  • Hoel, Michael

Abstract

In order to reach a Pareto optimal outcome with transboundary environmental problems, there must be some kind of international environmental agreement. One possibility is to have an international environmental agreement focusing directly on emissions in each country. Given such an agreement, an important issue is whether one ought to supplement the agreement with some kind of policy coordination, or if the choice of environmental policies should be left to each country to decide on unilaterally. It is shown that the "ideal" conditions, policies need to be coordinated across countries.
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  • Hoel, Michael, 1997. "Coordination of environmental policy for transboundary environmental problems?," Journal of Public Economics, Elsevier, vol. 66(2), pages 199-224, November.
  • Handle: RePEc:eee:pubeco:v:66:y:1997:i:2:p:199-224
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    More about this item

    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
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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