Pecchenino, Rowena A.
(1997)
International and Intergenerational
Environmental Externalities.
Scandinavian Journal of Economics, 99 (3).
pp. 371-387.
ISSN 0347-0520
Abstract
We examine a world in which policymakers’ actions in a given country at a given time have
long-lived effects on a common resource: the global environment. We consider the first best
in which long-lived planners behave cooperatively, then examine the allocation of resources
when there is non-cooperation across countries, across time, or both. Finally we analyze the
dynamic behavior of the economy along balanced growth paths. It is found that while longlived
international institutions are necessary to internalize all externalities, cooperation at a
point in time may be harmful to future generations.
| Item Type: |
Article
|
| Keywords: |
International; Intergenerational;
Environmental; Externalities; |
| Academic Unit: |
Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: |
8517 |
| Identification Number: |
https://doi.org/10.1111/1467-9442.00069 |
| Depositing User: |
Prof. Rowena Pecchenino
|
| Date Deposited: |
26 Jul 2017 10:46 |
| Journal or Publication Title: |
Scandinavian Journal of Economics |
| Publisher: |
Wiley |
| Refereed: |
Yes |
| URI: |
|
| Use Licence: |
This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available
here |
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