The economics of environmental voluntary agreements

Author/s Edoardo Croci
Publishing Year 2008 Issue 2007/1 Language English
Pages 22 P. 13-34 File size 119 KB
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<em>The economics of environmental voluntary agreements</em> (Edoardo Croci) - This paper provides elements in order to contribute in including environmental voluntary agreements (VAs) into the standard framework of the economics of the environment. Environmental voluntary agreements are based on the exchange between the P.A. and firms and on the design of a framework of incentives to parties in a context of negotiation. A cost and benefit evaluation of VAs for the firm under typical alternative conditions and a simple model to describe the firm’s behaviour in signing and complying with VAs are developed. Free riding, regulator capture and transaction costs issues are considered in assessing the possibility to pursue efficiency goals through VAs. Key words: environmental policy, environmental voluntary agreements, free riding, negotiation, voluntary approaches

Edoardo Croci, The economics of environmental voluntary agreements in "ECONOMIA DELLE FONTI DI ENERGIA E DELL’AMBIENTE" 1/2007, pp 13-34, DOI: