The Abatement Market A Proposal for Environmental Cooperation among Asymmetric Countries |
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Authors: | Luciano Mendez Rafael Trelles |
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Affiliation: | (1) University of Santiago de Compostela, Spain |
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Abstract: | We present a model of interaction among technologically asymmetriccountries whose use of an open-access environmental resource generatesmutual externalities. We show that countries can improve bothenvironmental quality and their individual welfare levels by buying/sellingpollution abatement. This market mechanism, which reduces incentive forfree-riding, is more effective the larger the technological gap betweencountries. |
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Keywords: | environmental cooperation games market transfrontier pollution |
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