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- W3123536349 abstract "In a multi-country model with mobile capital and global pollution this paper analyzes the stability of self-enforcing environmental agreements (IEAs) when the coalition formed by the signatory countries plays Nash. In accordance with previous environmental literature we show that there exists a unique self-enforcing IEA consisting of two or three signatory countries if emissions tax rates are strategic substitutes. However, emissions tax rates are strategic complements if the pollution is not too detrimental. In that case we find very small self-enforcing IEAs, as before, but now the socially optimal agreement among all countries may be selfenforcing as well. Special emphasis is placed on the investigation and interpretation of the conditions which render stable the grand coalition." @default.
- W3123536349 created "2021-02-01" @default.
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- W3123536349 date "2013-01-01" @default.
- W3123536349 modified "2023-09-27" @default.
- W3123536349 title "Self-enforcing environmental agreements and capital mobility" @default.
- W3123536349 hasPublicationYear "2013" @default.
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