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Environmental Standards as Strategic Outcomes: A Simple Model

Rupayan Pal () and Rabindra N Bhattacharya

Working Papers from eSocialSciences

Abstract: This paper examines the strategic nature of choice of environmental standards under different degrees of openness of countries. It also compares and contrasts equilibrium environmental standards and levels of pollution, local and global, with the world optimum levels. It shows that, in case of open economies, environmental standards can be strategic substitutes or complements.

Keywords: environmental; country countries; pollution; optimum levels; equilibrium; substitutes; complements; economies; strategic openness; world optimum (search for similar items in EconPapers)
Date: 2008-12
Note: Institutional Papers
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