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The Economics of International Environmental Cooperation looks at
environmental issues calling for international cooperation, such as
river management, transboundary air pollution and climate. It
analyses methods used to reduce free-riding in protecting the
commons and discusses agreements considered successful - such as
the Montreal Protocol - and others that are less effective. In the
absence of a supranational authority to enforce solutions in the
interest of larger regions, voluntary agreements need to be
negotiated by independent agents. They should pass not only
aggregate cost-benefit tests, but they have to meet additional
criteria in order to win the support of those who cooperate. The
book analyses different agreements and draws policy conclusions.
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