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| Author: | Escapa, M. Gutierrez, M. |
| Title: | Distribution of potential gains from international environmental agreements: the case of the greenhouse effect |
| Journal: | Journal of Environmental Economics and Management
1997 : MAY, VOL. 33:1, p. 1-16 |
| Index terms: | MANAGEMENT ECONOMICS ENVIRONMENTAL ECONOMICS |
| Language: | eng |
| Abstract: | International negotiations between countries will be needed to reach a Pareto efficient solution for global environmental problems such as the enhanced greenhouse effect. The authors try to quantify how the potential gains derived from cooperation would be distributed among countries. A weighted sum of all countries welfare functions is used as the global welfare function and three different cooperative solutions are considered: The First Best , the Nash Bargaining, and the Kalai-Smorodinsky. |
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