International Environmental Permit Trade and Debt: the Consequences of Country Sovereignty and Cross‐Default Policies*
作者:
Ernst Mohr,
期刊:
Review of International Economics
(WILEY Available online 1995)
卷期:
Volume 3,
issue 1
页码: 1-19
ISSN:0965-7576
年代: 1995
DOI:10.1111/j.1467-9396.1995.tb00048.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
AbstractWe investigate the joint occurrence of international intertemporal trade and international environmental‐permit trade, both of which are subject to country sovereignty. Assuming that side payments cannot be made to keep a debtor country from terminating international environmental cooperation, we analyze the impact of these two trade opportunities on a debtor country's incentive to continue environmental cooperation. We also show how, by way of a suitable strategic linkage between debt and permit trade, the public good of ensuring continued environmental cooperation can be provided by the supply side of private international loan
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