We study a three-country model of international environmental agreements where countries may choose either to limit their emissions or to behave noncooperatively. First, we provide a taxonomy of various kinds of strategic situations. Then, by applying some recently developed game-theoretic...

Whereas 'traditional environmental economics' - considering pervasive 'market failure' in the form of negative externalities as the root cause of the problem of environmental degradation - argues for specific government intervention in the market process via a host of different measures to...

Polluting firms must have the willingness, opportunity, and capacity or capability to undertake technological changes to improve their environmental performance. These changes could involve the adoption (diffusion) of already-proven technologies, or require incremental to radical innovation....

Voluntary agreements are an important environmental policy instrument. In the paper some examples are discussed and the structure and mechanisms of voluntary agreements are analyzed using a strategic game approach. In the simple strategic game with only one abatement technology, there is a...

This paper deals with the cost efficiency of target-based voluntary agreements for reducing industrial pollution. These agreements are contracts between a public body and an industrial association including the collective commitment of the industrial sector to reach a pollution abatement...

Recently, attention has turned to the use of voluntary agreements between regulators and polluters as an alternative to mandatory approaches based on regulation or legislation. Voluntary agreements have the potential to reduce compliance costs by allowing greater flexibility and to reduce...

Voluntary agreements with polluting industries are becoming a popular alternative to traditional environmental regulation. One reason may be that voluntary agreements can reduce compliance costs of polluting industries. In this paper we develop a family of simple policy formulation and...

Voluntary Agreements (VAs) are becoming increasingly prominent in many countries as a policy instrument for achieving improvements in the environmental performance of industry. They aim to encourage industry led initiatives to set and meet environmental goals, to raise the environmental profile...