To assess the effect of environmental policy on production structures, trade structures or foreign direct investment, a measure for the stringency of policy is necessary. Measures typically used in empirical studies share several disadvantages: They are not available on a sectoral basis to...

Zusammenfassung Im Rahmen von Modellen der nichtkooperativen Verhandlungstheorie wird versucht, einen formalen Beweis des Coase Theorems zu führen. Dazu wird zunächst in einem allgemeinen Modell ohne Verhandlungskosten gezeigt, daß die Effizienz einer Verhandlungslösung davon abhängt, ob...

Summary In economies with perfect competition, environmental tax rates should be set equal to the equilibrium marginal damage. There are two basic reasons to depart from this first best rule: incomplete competition and the possibility of using environmental policy as a strategic trade instrument...

We investigate in a horizontal product differentiation model with North-South trade the implications of a home bias in consumers' demand for labelled goods. We compare mutual recognition and international harmonisation of ecological labels with respect to firms' profits and welfare. Northern...