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allow for the possibility that membership of the IEA may change endogenously over time. In this paper we analyse a simple … corresponding steady-state IEA membership, and that if the initial stock of pollution is below (above) steady-state then membership … costs to the pollution stock, initial and steady-state membership decline; in the limit, membership is small and constant …
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allow for the possibility that membership of the IEA may change endogenously over time. In this paper we analyse a simple … corresponding steady-state IEA membership, and that if the initial stock of pollution is below (above) steady-state then membership … costs to the pollution stock, initial and steady-state membership decline; in the limit, membership is small and constant …
Persistent link: https://www.econbiz.de/10011591344
Consider a situation in which countries anticipate an international environmental agreement (IEA) to be in effect sometime in the future. What is the impact of the future IEA on current emissions after its announcement? We show that the answer to this question is ambiguous. We examine four types...
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