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Academic & Professional Books  Environmental & Social Studies  Economics, Politics & Policy  Economics, Business & Industry  Environmental Economics

Designing International Environmental Agreements Incentive Compatible Strategies for Cost-Effective Cooperation

By: Carsten Schmidt
224 pages, Tabs, figs
Publisher: Edward Elgar
Designing International Environmental Agreements
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  • Designing International Environmental Agreements ISBN: 9781840643527 Hardback Sep 2000 Usually dispatched within 5 days
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About this book

This study combines two core dimensions of international environmental policy: the search for cost-effective policy instruments and the creation of incentives for voluntary co-operation among sovereign nations. It also offers policy recommendations for the design of environmental treaties.

Contents

International environmental problems: natural scientific framework; the history of global environmental policy; theoretical framework. Cost-effectiveness: the concept of cost-effectiveness; cost-effectiveness when countries differ in size; empirical relevance in case of carbon emissions; cost-effective policy instruments. Incentive compatibility: the choice of the internalization instrument; internal stabilization; external stabilization; unilateral measures; flexibility and framework provisions; conclusions. Enforcement and side payments: the model; an enforceable agreement with side payments; the case of three countries; conclusions. Financing incremental abatement costs under asymmetric information: agreements under perfect information; signalling incentives; transfers in the separating equilibrium; transfers in the pooling equilibrium; conclusions. Institutions for the global environment: the global environment facility; the Montreal Protocol Unilateral Fund; joint implementation. Summary and outlook: the scope and results of the study; future directions in international environmental policy.

Customer Reviews

By: Carsten Schmidt
224 pages, Tabs, figs
Publisher: Edward Elgar
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