Cooperation in international environmental agreements appears difficult to attain because of strong free-riding incentives. This paper explores how different technology spillover mechanisms among regions can influence the incentive structures to join and stabilise an international agreement. We...

Integrated Assessment Models (IAMS) have helped us over the past decade to understand the interactions between the environment and the economy in the context of climate change. Although it has also long been recognized that adaptation is a powerful and necessary tool to combat the adverse...

In this paper analyze the economic effects of CO2 emission reductions in the Basque Country (Spain) using an applied general equilibrium (AGE) model with specific attention to environment-energy-economy interactions. Environmental policy is implemented through a system of tradable pollution...

MIND is a hybrid model incorporating several energy related sectors in an endogenous growth model of the world economy. This model structure allows a better understanding of the linkages between the energy sectors and the macro-economic environment. We perform a sensitivity analysis and...

Uncertainty and learning play an important role in addressing the problem of climatechange. In stylized game-theoretic models of international environmental treaty formation, which capture the strategic interactions between nations, it has been shown that learning usually has a negative impact...

In a river claims problem, agents are ordered linearly, and they have both an initial water endowment as well as a claim to the total water resource. We provide characterizations of two solutions to this problem, using Composition properties which have particularly relevant interpretations for...

This paper opens a series of discussion papers which report about the findings of a research project within the Phare-ACE Programme of the European Union. We, a group of Bulgarian, German, Greek, Polish and Scottish economists and agricultural economists, undertake this research to provide An...

In socialist economies firms have provided various social benefits, like child care, health care, food subsidies, housing etc. Using panel data from Bulgarian and Polish firms, this paper attempts to explain firm-specific provision of social benefits in the process of transition. We investigate...

The value concept of traditional resource economics is welfare. Therefore,sustainability of welfare is often taken to characterise our obligations to future generations. This paper argues that this view is inappropriate because it leaves no room for futuregenerations autonomy. Future generations...

In modern political philosophy social contract theory is the most prominentapproach to individual rights and fair institutions. According to social contract theory thesystem of rights in a society ought to be justified by reconstructing its basic features as acontract between the mutually...