International environmental agreements aiming at correcting negative externalities generated by transboundary pollution are difficult to achieve for many reasons. Important obstacles arise from asymmetry in costs and benefits, and instability may occur due to the fact that coalitions of...

This paper proposes a dynamic model of international negotiations on transboundary pollution. This approach is characterized by a discrete time formulation ( at variance with the continuous model of Kaitale et al.(1995)) and by a suitable formulation of the local information assumption on cost...

It is well known that the transnational character of many environmental problems requires cooperation amongst the countries involved, if a social optimum is at all to be achieved. Most of the numerous contributions dealing with the problems raised by the cooperation issue bear only on pollutants...

International environmental agreements aiming at correcting negative externalities generated by transboundary pollution are difficult to achieve for many reasons. Important obstacles arise from asymmetry in costs and benefits, and instability may occur due to the fact that coalitions of...

Human induced climate change is a global concern but climate impacts and possibilities for greenhouse gases (GHG) emissions reductions exhibit strong regional contracts. This paper presents a modified version of the economic-climatic RICE model that computes regional temperature changes and...

Most of the contributions that deal with cooperation issues in transfrontier pollution problems, bear only on pollutants that do not accumulate. Moreover, most articles that deal with the dynamics of the problem (implied by the pollutant's accumulation) leave aside the issue of the voluntary...

[eng] Value and contracts in light of turgot [1769]. . From a reexamination of « Valeurs et monnaies », this paper evolves two the­sis. The first upholds that the natural contract theory, displayed in the beginning of « Valeurs et monnaies » by Turgot, contains the canonical model of value...

Allocations of tradable greenhouse gases (GHG) emission quotas among countries may take place according to several sharing rules corresponding to a certain perception of equity. For instance, allocating quotas in direct proportion to population, in inverse relation to GDP or according to past...

This paper analyses how the way emission permits are traded -their market microstructure-impacts the optimal policy to be adopted by the environmental agency. The microstructure used is one of a quote driven market type, which characterizes many financial markets: market makers act as...