On the Core of an Economy with Multilateral and Multidimensional Environmental Externalities

Charles Figuieres and Magali Verdonck

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: For simple economic models of transfrontier pollution, Chander and Tulkens (1995) and (1997) have offered a formula for transfers to sustain international cooperation on a voluntary basis and which deter coalitional free-riding under some reasonable behaviours of countries not in the coalition. Their scheme rests on the assumption that pollution is a scalar. Relaxing this assumption, interesting interactions among pollutations arise that call for a new formula. In this paper we extend Chander and Tulkens formula for this more realistic multidimensional context, and thereby enhance the practical and theoretical relevance of their seminal analysis.

Keywords: international pollutions; Nash equilibrium; partial agreement Nash equilibrium; international transfers (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2003-02
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: On the Core of an Economy with Multilateral and Multidimensional Environmental Externalities (2003)
Working Paper: On the core of an economy with multilateral and multidimensional environmental externalities (2003)
Working Paper: On the core of an economy with multilateral and multidimensional environmental externalities (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:03/548

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