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Global environmental problems and the strategic choice of technology
[working paper]
Corporate Editor
Universität München, Volkswirtschaftliche Fakultät
Abstract Reductions of environmentally harmful emissions are often a public good in a global context. For strategic reasons, countries may adopt a technology with high per unit costs of emission reduction, even if a technology with lower per unit costs is available at no extra cost. They thereby commit th... view more
Reductions of environmentally harmful emissions are often a public good in a global context. For strategic reasons, countries may adopt a technology with high per unit costs of emission reduction, even if a technology with lower per unit costs is available at no extra cost. They thereby commit themselves credibly to not reducing emission much in the future. In a game of private voluntary provision of emission reduction, this commitment will make other countries increase their emission reductions. Also, in the case where countries cooperate in the future, such commitment gives a country a strategic advantage, because it shifts the
disagreement point in a favorable direction. (author's abstract)... view less
Keywords
world; environmental impact; technology; decision; strategy; industrial nation; costs; environmental protection; climate protection; microeconomic factors; emission
Classification
Ecology, Environment
Document language
English
Publication Year
1992
City
München
Page/Pages
22 p.
Series
Münchener Wirtschaftswissenschaftliche Beiträge, 92-19
Handle
https://hdl.handle.net/10419/112696
Licence
Deposit Licence - No Redistribution, No Modifications