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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 …
Persistent link: https://www.econbiz.de/10008907728
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 …
Persistent link: https://www.econbiz.de/10008933600
(TPP) agreement is dead in the water after the Trump administration change of tack in US trade policy, many pundits see the …
Persistent link: https://www.econbiz.de/10012909537
In International Relations the canonical model of inter-estate interactions is a one-shot security competition game. The model has the structure of a prisoners dilemma, which results in an equilibrium with two sources of inefficiency: excessive arming and possibly the destruction associated with...
Persistent link: https://www.econbiz.de/10014322731
Persistent link: https://www.econbiz.de/10003463612
Persistent link: https://www.econbiz.de/10003398512
We introduce democratic mechanisms where individual utilities are not observable by other people at the legislative stage. We show that the combination of three rules can yield e±cient provision of public projects: first, flexible and double majority rules where the size of the majority depends...
Persistent link: https://www.econbiz.de/10011410447
We examine how cross-community cost or benefit spillovers, arising from the consumption of group-specific public goods, affect both inter-group conflicts over the appropriation of such goods and decentralized private provision for their production. Our model integrates production versus...
Persistent link: https://www.econbiz.de/10012614103
Persistent link: https://www.econbiz.de/10013194667
We examine how cross-community cost or benefit spillovers, arising from the consumption of group-specific public goods, affect both inter-group conflicts over the appropriation of such goods and decentralized private provision for their production. Our model integrates production versus...
Persistent link: https://www.econbiz.de/10012295566