Transfers to sustain core-theoretic cooperation in international stock pollutant control
Marc Germain (),
Philippe Toint (),
Henry Tulkens () and
Aart de Zeeuw
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Marc Germain: Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium
Philippe Toint: Département de Mathématique, Facultés Universitaires Notre-Dame de la Paix, Namur
No 1998032, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
International environmental agreements aiming at correcting negative externalities generated by transboundary pollution are difficult to achieve for many reasons. Important obstacles arise from asymmetry in costs and benefits, and instability may occur due to the fact that coalitions of countries may attempt to do better for themselves outside of any proposed agreement. In a static context, it has already been shown that it is possible to achieve stability in the sense of the core of a cooperative game, by means of appropriately defined transfers between the countries involved. However, the transboundary pollution problems that are most important are caused by accumulated pollutants so that a dynamic analysis is required. This paper provides a transfer scheme that yields a core property in a dynamic context. The possibility of computing such transfers numerically is discussed.
Keywords: transfrontier pollution; stock pollutant; dynamic cooperative games; coalitions; core solution. (search for similar items in EconPapers)
JEL-codes: C73 D62 F42 H4 Q3 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1998032
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