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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/46749
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| Title: | | On international compensations for environmental stocks  |
| Authors: | | Stähler, Frank |
| Issue Date: | | 1993 |
| Series/Report no.: | | Kiel Working Papers 580 |
| Abstract: | | This paper sheds some light on the possible implications of compensations which are paid for the maintenance of an environmental stock. It shows that serious complications can arise if the resource-owner can vary the compensation price. In that case, extraction-driven stock preservation policies can conflict with compensation-driven ones and imply instability. Whether compensation policies can neglect this aspect depends crucially on the credibility of sticky compensation prices. |
| JEL: | | D43 Q20 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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