Coordination of Environmental Policy for Transboundary Environmental Problems
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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|Date of creation:||1996|
|Contact details of provider:|| Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway|
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- ., 1994. "Environmental Policy," Chapters,in: The Elgar Companion to Institutional and Evolutionary Economics, chapter 36 Edward Elgar Publishing.
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- Ulph, Alistair Mitchell & Ulph, David, 1994. "Trade, Strategic Innovation and Strategic Environmental Policy - a General Analysis," CEPR Discussion Papers 1063, C.E.P.R. Discussion Papers.
- Oates, Wallace E. & Schwab, Robert M., 1988. "Economic competition among jurisdictions: efficiency enhancing or distortion inducing?," Journal of Public Economics, Elsevier, vol. 35(3), pages 333-354, April.
- Hoel, Michael, 1990. " Local versus Central Wage Bargaining with Endogenous Investments," Scandinavian Journal of Economics, Wiley Blackwell, vol. 92(3), pages 453-469.