Introduction

Abstract

This book deals with some of the most relevant issues in the new environmental economics. The emphasis on the international dimension of many environmental problems has induced several economists to take new research directions: on the one hand, cross-country pollution flows raise the issue of policy coordination. Under what conditions should environmental policy be coordinated? Should countries harmonize their targets or should they coordinate their instruments? Is it possible to correctly evaluate the imported environmental damage? These questions are crucial for understanding which policy is most appropriate, and this book provides some interesting answers.