size of a Pareto-efficient side payment that can remedy the negative spatial externality emerging from noncooperative …

about the role of side payment in international environmental agreements. If countries are symmetric, we can hardly exploit … the transfer to enhance international cooperation. On the contrary, under asymmetric countries assumption, the side … payment is often helpful to obtain better global outcome in environmental issues. Even though no general theoretical …

. This situation calls for a side payment regime where river owners pay marine fishermen not to fish, and where both parties … gain. This paper argues that the reason why such side payment regimes are rarely seen, despite the obvious mutual gain, is … explain the lack of side payment regimes. …