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Environmental Externalities and their Internalization Through Voluntary Approaches

In: Foundations of Environmental Economics

Author

Listed:
  • Wolfgang Buchholz

    (University of Regensburg
    CESifo)

  • Christiane Reif

    (Landshut University of Applied Sciences)

  • Dirk Rübbelke

    (TU Bergakademie Freiberg)

Abstract

This chapterEnvironmental externality explainsInternalization how, in principle, the optimal level of pollution could be achieved by bargainingBargaining between the polluter and the victim. It is also explicated that there are many obstacles to the success of such Coasean bargainingCoasean bargaining. The chapter also discusses other voluntary approaches to internalizing environmental externalitiesEnvironmental externality, including in the case of multilateral externalitiesMultilateral externality where multiple polluters harm each other.

Suggested Citation

  • Wolfgang Buchholz & Christiane Reif & Dirk Rübbelke, 2024. "Environmental Externalities and their Internalization Through Voluntary Approaches," Springer Texts in Business and Economics, in: Foundations of Environmental Economics, edition 0, chapter 0, pages 23-47, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-63481-9_2
    DOI: 10.1007/978-3-031-63481-9_2
    as

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