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dc.contributor.authorMacDonald, Ian A.en
dc.date.accessioned2008-06-12T03:26:46Z
dc.date.issued2001-02en
dc.identifier.issn1174-5045en
dc.identifier.urihttps://hdl.handle.net/10182/530
dc.description.abstractIn the face of transboundary pollution externalities, cooperation in regulatory efforts between countries is required to move the economy towards the efficient outcome. Existing research in this field concludes that such cooperation is unlikely to occur because of the free rider problem. This paper introduces the institution of international treaties and shows that a cooperative outcome supported by a treaty is sustainable. One effective treaty structure requires countries to reduce their pollution levels by a common percentage from the non cooperative benchmark level, but only if all countries sign it. Under such a teaty arrangement, welfare improvements are generally significant.en
dc.language.isoenen
dc.publisherLincoln University. Commerce Division.en
dc.relationThe original publication is available from - Lincoln University. Commerce Division.en
dc.subjectinternational treatiesen
dc.subjecteconometric modelen
dc.subjectenvironmental policyen
dc.subjectgame theoryen
dc.subjectinternational tradeen
dc.subjectinternational environmental agreementsen
dc.titleThe importance of pre-commitment in international environmental agreementsen
dc.typeDiscussion Paper
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340202 Environment and resource economicsen
dc.subject.marsdenFields of Research::360000 Policy and Political Science::360100 Political Science::360105 International relationsen
dc.subject.marsdenFields of Research::390000 Law, Justice and Law Enforcement::390100 Law::390111 International lawen
lu.contributor.unitLincoln Universityen
lu.contributor.unitFaculty of Agribusiness and Commerceen
lu.contributor.unitDepartment of Global Value Chains and Tradeen
pubs.organisational-group/LU
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce
pubs.organisational-group/LU/Faculty of Agribusiness and Commerce/GVCT
pubs.publication-statusPublisheden


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