Managing the international commons: Resource use and pollution control

@article{Xepapadeas1995ManagingTI,
  title={Managing the international commons: Resource use and pollution control},
  author={A. Xepapadeas},
  journal={Environmental and Resource Economics},
  year={1995},
  volume={5},
  pages={375-391}
}
  • A. Xepapadeas
  • Published 1995
  • Economics
  • Environmental and Resource Economics
The simultaneous management, in an international context, of free-access renewable resources and transboundary pollution, is examined in a dynamic game framework. First-best outcomes under international cooperation are determined and compared to noncooperative outcomes when countries follow linear Markov strategies. An international policy consisting of taxes on emissions and harvesting, with international redistribution of tax receipts, is used to achieve the cooperative solution. In addition… Expand
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