Fünfgeld, Joachim; Schulze, Günther G. - 2011 - This version: February 1, 2011
We analyze the formation of environmental policy to regulate transboundary pollution if governments are self …-interested. In a common agency framework, we portray the environmental policy calculus of two political supportmaximizing governments … environmental policy thus may be more harmful to the environment as compared to the benevolent dictators' solution. In other cases …