Arbeitspapier
Financing incremental abatement costs under asymmetric information
The paper analyzes international environmental agreements that incorporate transfers from a group of industrialized countries to developing countries in a situation of asymmetric information. The framework of the analysis is a static model of transboundary pollution in which information on abatement costs is public, but information on abatement benefits is private. The properties of cooperative solutions for separating and pooling equilibria are analyzed. It is shown under which circumstances it is not optimal for the donors to compensate recipients for their net incremental abatement costs, but where instead it is profitable for both parties to apply the gross incremental cost concept. The paper discusses the implications of the results for projects to protect global environmental resources within the concept of 'joint implementation.
- Language
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Englisch
- Bibliographic citation
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Series: Diskussionsbeiträge - Serie I ; No. 294
- Classification
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Wirtschaft
Allocative Efficiency; Cost-Benefit Analysis
Externalities
Intergovernmental Relations; Federalism; Secession
Renewable Resources and Conservation: General
Renewable Resources and Conservation: Government Policy
- Subject
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international environmental agreements
asymmetric information
incremental abatement costs
side payments
joint implementation
- Event
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Geistige Schöpfung
- (who)
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Schmidt, Carsten
- Event
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Veröffentlichung
- (who)
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Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik
- (where)
-
Konstanz
- (when)
-
1998
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schmidt, Carsten
- Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik
Time of origin
- 1998
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