Two countries, differing with respect to opportunity cost of abatement and evironmental damage cost, negotiating joint emission reductions are considered. The bargaining process is analyzed in two policy regimes: Emission tax and transferable discharge permits. Emissions and welfare of the...

It is commonly believed that an increase in environmental awareness is conducive to the protection of the global commons. Moreover, it has been proposed that governments should "give a good example" by unilaterally reducing emissions. In a simple analytical framework it is shown that these...

This article investigates the efficacy of international environmental agreements (IEAs). It reviews approaches from the political sciences and from economics to measure the efficacy of historical IEAs. It is argued that the current literature is deficient in many respects but that by appropriate...