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"Musgravian" externalities, formulated and illustrated by Musgrave in a 1966 paper on "social goods" are seen in this paper as one form of the interactions that occur between the components of a federation. The original formal apparatus is first exposed briefly. In that context, it is then...
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Musgravian externalities, formulated and illustrated by Musgrave in a 1966 paper on social goods are seen in this paper as one form of the interactions that occur between the components of a federation. The original formal apparatus is first exposed briefly. In that context, it is then...
Persistent link: https://www.econbiz.de/10011409762
Introductory notions -- The reference economic-ecological model -- Economic theory concepts -- Game theory concepts -- The global externality game (GEG) -- The dynamic GEG -- The dynamic GEG in numbers -- Coalitional stability in the GEG -- Policy and diplomacy: a GEG interpretation of the...
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In essence, any international environmental agreement (IEA) implies cooperation of a form or another. The paper seeks for logical foundations of this. It first deals with how the need for cooperation derives from the public good aspect of the externalities involved, as well as with where the...
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