A search model for joint implementation

by Giovanni Bella

The aim of this paper is to present a search model in the field of environmental economics, where so-called clean and dirty producers enter the trading market, both looking for a partner with whom to exchange the goods they are endowed with. The model derived in this paper is rather simple. Nevertheless, it is able to produce a series of interesting results and useful insights, and is conveniently used here as a framework to explain the functioning of Joint Implementation programmes for polluting emissions' reduction. -- Environmental economics ; Search theory ; Market failures

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Year of publication:	2009
Authors:	Bella, Giovanni
Publisher:	Milano : Fondazione Eni Enrico Mattei
Subject:	Suchtheorie \| Search theory \| Internationale Umweltpolitik \| International environmental policy \| Joint Implementation \| Joint implementation