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Tekijä:Dijkstra, B. R.
Otsikko:Direct Regulation of a Mobile Polluting Firm
Lehti:Journal of Environmental Economics and Management
2003 : MAR, VOL. 45:2, p. 265-277
Asiasana:ENVIRONMENTAL POLICY
REGULATIONS
COMMITMENT
Kieli:eng
Tiivistelmä:Many environmental problems have important international dimensions. Pollution in one country may cause environmental damage in another country. The authors compare noncooperative regional environmental policy to cooperative national policy for direct regulation of a mobile firm. The national government can always reach its first best with commitment, but not with time- consistent policy. With commitment, regional policy results in a game of chicken with too little output or in "not in my backyard". Without commitment, regional policy may improve upon national policy. This happens when regional policy discourages the investment, whereas the welfare-reducing investment does take place with national policy.
SCIMA tietueen numero: 250664
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