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Environmental degradation, self-protection choices and coordination failures in a North–South evolutionary model

Antoci, Angelo and Borghesi, Simone (2010) Environmental degradation, self-protection choices and coordination failures in a North–South evolutionary model. Journal of Economic Interaction and Coordination, Vol. 5 (1), p. 89-107. eISSN 1860-7128. Article.

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DOI: 10.1007/s11403-009-0059-5

Abstract

Environmental degradation may lead agents to increase their work effort to replace the consumption of depleted free access environmental goods with that of private substitute goods. The rise in the activity level that follows may further deplete the environment, which in turn increases the production and consumption of substitute goods. Using a North–South evolutionary model, we show that the existence of a coordination failure among interacting heterogeneous agents may lead the economy towards Pareto-dominated attracting stationary states where individuals work and produce “too much” (i.e. more than socially optimal). Finally, we analyse possible welfare effects of transferring the environmental impact of Northern production to the South and show that such a policy may decrease welfare in both hemispheres.

Item Type:Article
ID Code:4835
Status:Published
Refereed:Yes
Uncontrolled Keywords:Environmental degradation, self-protection choices, North–South evolutionary model, Pareto-dominate, economic growth
Subjects:Area 13 - Scienze economiche e statistiche > SECS-S/06 Metodi matematici dell'economia e delle scienze attuariali e finanziarie
Divisions:001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:Springer Verlag
eISSN:1860-7128
Deposited On:15 Nov 2010 14:32

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