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In this paper we study some aspects of the question of international environmental regulation from a game theoretic perspective. We address two broad questions. First, we examine the circumstances under which the pursuit of unilateral environmental policy by a country in a Stackelberg game will...
Persistent link: https://www.econbiz.de/10005806275
The process of environmental regulation is usually a two-step one. In the first step, a standard for environmental quality is set. Then, in the second step, a regulatory mechanism is put in place to achieve the standard. In this paper I show how renewal theory can be used to set the quality...
Persistent link: https://www.econbiz.de/10005806276
I model the interaction between a regulator and polluting firms as a Stackelberg differential game in which the regulator leads. The firms create pollution, which results in a stock externality. I analyze the intertemporal effects of alternate pollution control measures in a competitive...
Persistent link: https://www.econbiz.de/10005806277
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This paper contributes to the double dividend debate with a formal analysis and some numerical evidence emphasizing trade and environmental distortions with a substitution of environmental taxes for trade distortions. We derive existence conditions and we empirically explore the...
Persistent link: https://www.econbiz.de/10005806403
A contingent valuation survey was conducted in two diverse Oregon counties to estimate potential enrollment of framed or grazed land in a riparian buffer strip program. Landowner preferences for various program components were elicited and demonstrate the need to carefully design conservation...
Persistent link: https://www.econbiz.de/10005806405
A major task of economics and policy economics is to explain the pattern of government behavior in its interventions in the economy. This paper introduces the use of the Decision Tree methodology to help capture policy making behavior and provide extended insights into the decision making...
Persistent link: https://www.econbiz.de/10005806416
Recent lumber price volatility has been attributed to Spotted Owl Litigation and U.S.-Canada trade disputes. We use intervention analysis to explain daily lumber futures price volatility based on these events and other factors. The way information enters the market is shown to affect the speed...
Persistent link: https://www.econbiz.de/10005806429