Share and Export
Share and Export
Pecchenino, Rowena A. (1997) International and Intergenerational Environmental Externalities. Scandinavian Journal of Economics, 99 (3). pp. 371-387. ISSN 0347-0520
Preview
John_et_al-1997-The_Scandinavian_Journal_of_Economics.pdf
Download (89kB) | Preview
Abstract
We examine a world in which policymakers’ actions in a given country at a given time have
long-lived effects on a common resource: the global environment. We consider the first best
in which long-lived planners behave cooperatively, then examine the allocation of resources
when there is non-cooperation across countries, across time, or both. Finally we analyze the
dynamic behavior of the economy along balanced growth paths. It is found that while longlived
international institutions are necessary to internalize all externalities, cooperation at a
point in time may be harmful to future generations.
| Item Type: | Article |
|---|---|
| Keywords: | International; Intergenerational; Environmental; Externalities; |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 8517 |
| Identification Number: | 10.1111/1467-9442.00069 |
| Depositing User: | Prof. Rowena Pecchenino |
| Date Deposited: | 26 Jul 2017 10:46 |
| Journal or Publication Title: | Scandinavian Journal of Economics |
| Publisher: | Wiley |
| Refereed: | Yes |
| Related URLs: | |
| URI: | https://mural.maynoothuniversity.ie/id/eprint/8517 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
Repository Staff Only (login required)
- Item control page
Downloads
Downloads per month over past year
