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An infinite-horizon model of dynamic membership of international environmental agreements

Record type: Monograph (Discussion Paper)

Much of the literature on international environmental agreements uses static models, although most important transboundary pollution problems involve stock pollutants. The few papers that study IEAs using models of stock pollutants do not allow for the possibility that membership of the IEA may change endogenously over time. In this paper we analyse a simple infinite-horizon version of the Barrett (1994) model, in which unit damage costs increase with the stock of pollution, and countries decide each period whether to join an IEA. We show that there exists a steady-state stock of pollution with corresponding steady-state IEA membership, and that if the initial stock of pollution is below (above) steady-state then membership of the IEA declines (rises) as the stock of pollution tends to steady-state. As we increase the parameter linking damage costs to the pollution stock, initial and steady-state membership decline; in the limit, membership is small and constant over time.

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Citation

Rubio, S. J. and Ulph, A. (2002) An infinite-horizon model of dynamic membership of international environmental agreements , Southampton University of Southampton (Discussion Papers in Economics and Econometrics, 210).

More information

Published date: 2002
Keywords: self-enforcing international environmental agreements, internal and external stability, stock pollutant

Identifiers

Local EPrints ID: 33203
URI: http://eprints.soton.ac.uk/id/eprint/33203
ISSN: 0966-4246
PURE UUID: 2c4e5f93-8702-46a2-8a4b-1bd3aa9a2561

Catalogue record

Date deposited: 18 May 2006
Last modified: 17 Jul 2017 15:53

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Contributors

Author: S. J. Rubio
Author: A. Ulph

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