The strategy of trade sanctions in international environmental agreements
Article Abstract:
Analysis was conducted regarding the connection between the policies which help in providing a global public good and international trade in segmented markets. The practice of imposing trade sanctions have the potential to produce complete cooperation during the process of supplying the public good if a minimum participation clause is linked to such policies to coordinate government behavior. Participants in a self-enforcing international environmental agreement may not result to free-riding should the credibility of the policies be retained. These members might also find that sanctions should be linked to a minimum participation clause to generate incentives.
Publication Name: Resource and Energy Economics
Subject: Petroleum, energy and mining industries
ISSN: 0928-7655
Year: 1997
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Reconsidering the hedonic vs. RUM debate in the valuation of recreational environmental amenities
Article Abstract:
The effectiveness of the random utility method and the hedonic travel cost method in valuing the environmental amenities of recreational resources is compared. It is shown that the debate over which method is more appropriate stems from either improper application of the models or misinterpretations of the principles underlying them. Both methods have strengths and weaknesses that determine their effectiveness as valuation instruments.
Publication Name: Resource and Energy Economics
Subject: Petroleum, energy and mining industries
ISSN: 0928-7655
Year: 1999
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