This paper examines whether it is possible for all countries to simultaneously achieve efficient and sustainable allocations of resources even if they do not cooperate in a world with inter-generational and intra-generational externalities. Using a simple model with two governments - one for the...

Though the recent process of globalisation of international markets succeeded in sustaining the economic growth of the countries that actively participated in this process, the available empirical evidence suggests that it was accompanied by a world-wide increase of environmental degradation and...