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...

Transboundary spillovers may degrade environmental quality if countries free ride. This paper examines the extent of such degradation in water quality in international rivers. Using data from river monitoring stations in the UN's Global Emissions Monitoring System (GEMS), it compares pollution...

This paper examines whether trade relationships facilitate resolution of international environmental spillovers. Trade might promote cooperation by creating opportunities for implicit side payments, allowing linkage between environmental and trade concessions, providing direct leverage over...