Asymmetrical information and delay of a side payment in unidirectional transboundary pollution

Norimichi Matsueda

Environmental Economics and Policy Studies, 2002, vol. 5, issue 3, 229-247

Abstract: It has been argued that unidirectional transboundary pollution can likely be resolved efficiently with the provision of a side payment from a victim especially when the pollution originates from a developing country and is transported to a developed country. However, its offer of a side payment might be delayed intentionally in the presence of asymmetrical information about the damage cost of a polluter because a certain type of polluter might attempt to disguise itself and increase its total payoff. Postponement of a side payment could protect a victim from incurring a potentially greater loss due to this polluter’s deceptive behavior. The realization of such strategic delay may partly explain the infrequency of international side payments. Copyright Springer Japan 2002

Keywords: Asymmetrical information; Delay; Side payment; Unidirectional transboundary pollution; Victim-pays principle (search for similar items in EconPapers)
Date: 2002
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Journal Article: Asymmetrical information and delay of a side payment in unidirectional transboundary pollution (2003)
Journal Article: Asymmetrical information and delay of a side payment in unidirectional transboundary pollution (2002)
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DOI: 10.1007/BF03353923

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