Books  Sustainable Development  Economics, Business & Industry  Environmental Economics 

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

By: Carsten Schmidt

224 pages, Tabs, figs

Edward Elgar

Hardback | Sep 2000 | #111337 | ISBN: 1840643528
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NHBS Price: £82.00 $114/€93 approx

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.


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.

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