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-border pollution on Nash emission taxes, emission levels, and welfare. …
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We explore the possibility of achieving a cooperative outcome when governments act non-cooperatively in a strategic environmental policy model where emission permit markets are linked. We introduce a specific distribution scheme of the permit revenues between the exporting countries so as to...
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-reducing country. The net welfare effect of improving terms of trade and falling capital stocks is negative in both countries. However …, if the country which unilaterally reduces her emission permits is a net creditor to the world economy, her own welfare …
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We explore the possibility of achieving a cooperative outcome when governments act non-cooperatively in a strategic environmental policy model where emission permit markets are linked. We introduce a specific distribution scheme of the permit revenues between the exporting countries so as to...
Persistent link: https://www.econbiz.de/10012492993
countries. The model contains two types of spillovers between destination countries: a terms-of-trade externality and a welfare …-policy externality. We show that while coordination unambiguously increases welfare of the destination countries, the effects on the …
Persistent link: https://www.econbiz.de/10008691591