Most of the contributions that deal with cooperation issues in transfrontier pollution problems, bear only on pollutants that do not accumulate. Moreover, most articles that deal with the dynamics of the problem (implied by the pollutant's accumulation) leave aside the issue of the voluntary...

International environmental agreements aiming at correcting negative externalities generated by transboundary pollution are difficult to achieve for many reasons. Important obstacles arise from asymmetry in costs and benefits, and instability may occur due to the fact that coalitions of...

One of the ways to model the supply side of the world oil market is by means of the cartel versus fringe model and to employ the open-loop von Stackelberg equilibrium concept. This note shows that the equilibrium as presented in the literature does not satisfy the optimality conditions for the...

The Agreement on Agriculture that was reached during the GATT Uruguay Round is likely to lead to a market-oriented international trading system for agricultural products in the long run, but progress in the short run will be limited. The next WTO round of multilateral negotiations on...

In a recent paper, Barrett (2006) reaches the conclusion that in general the answer to the question in the title is no. We show in this paper that a focus on the R&D phase in the development of breakthrough technologies changes the picture. The stability of international treaties improves and...

We consider a duopolistic industry in which pollution is a by-product of production and firms are given emission permits that they can trade. The common wisdom is that allowing for trade in emission permits promotes efficiency. We demonstrate that this common wisdom cannot automatically be...

In the seventies and eighties, the theory of exhaustible natural resources developed a branch, which was called the cartel-versus-fringe model, to characterize markets with one large coherent cartel and a big number of small suppliers named the fringe. It was considered appropriate to use the...

International environmental agreements aiming at correcting negative externalities generated by transboundary pollution are difficult to achieve for many reasons. Important obstacles arise from asymmetry in costs and benefits, and instability may occur due to the fact that coalitions of...