Department of Economics

Professor Michael Finus

Michael Finus

Chair in Environmental Economics

3 East 3.9
Email: m.finus@bath.ac.uk
Tel: +44 (0) 1225 38 6228

PhD supervision

Interested in supervising students studying:

  • international environmental agreements
  • climate change
  • transbounday pollution
  • biodiversity (and other environmental and resource economic problems)
  • coalition formation
  • game theory
  • comparison of subsidies for renewable and non-renewable energy

Apply for a PhD »

Profile

Michael Finus holds a Chair in Environmental Economics and is Head of Department. He joined the University of Bath in 2012. He held previous appointments at the University of Exeter (2009-2011), University of Stirling (2007-2009), University of Hagen, Germany (2001-2007).

He works in the field of environmental economics and public goods, in particular on international environmental agreements. He has published widely in journals such as the Journal of Public Economics, Journal of Public Economic Theory, Social Choice and Welfare, Public Choice, Environmental and Resource Economics and Environment and Development Economics. He also published several books such as Game Theory and International Environmental Cooperation (Edward Elgar, Cheltenham, UK, 2001).

He is a Member of the Editorial Board of Letters in Spatial and Resource Sciences and Co-Editor of Environmental and Resource Economics.  Michael regularly serves as a referee for journals like American Economic Review, Journal of Political Economy, Games and Economic Behavior and Journal of Environmental Economics and Management.  He also frequently serves on the scientific panel of the annual meetings of the European Association of Environmental and Resource Economists.

He was President-elect of the German Association of Environmental Economists (2008-2010) and Past President-elect 2010-2012, and was a Lead Author of the 5th assessment report of the International Panel on Climate Change (IPCC), Working Group III, which was released in 2014. Michael is also a Research Associate at the Centre for European Economic Policy Research in Mannheim (ZEW, Germany).

Research interests

  • Environmental Economics
  • Public Economics
  • Game Theory
  • International Environmental Agreements

Michael is interested in all kinds of economic problems that involve externalities (spillovers) across economic agents, where coordination and cooperation would generate global welfare gains but which typically suffer from ‘free-riding’ (i.e. not everybody is contributing its fair share). He is analysing which factors cause free-riding and how and through which measures this can be mitigated. Many of these problems relate to collective decision making and public and global governance. International and global environmental problems, like climate change and overfishing, are prominent examples.

Teaching

Undergraduate

Postgraduate

Publications

Book/s

Finus, M., Endres, A., Bertram, R. and Rundshagen, B., 2007. Umweltökonomie: Arbeits- und Übungsbuch. Stuttgart: Kohlhammer.

Böhringer, C., Finus, M. and Vogt, C., eds., 2002. Controlling Global Warming: Perspectives from Economics, Game Theory and Public Choice. Cheltenham: Edward Elgar.

Finus, M. and Endres, A., eds., 2002. The economics of international environmental problems. Interdisciplinary course "Umweltwissenschaften infernum". „Frauenhofer Institut Umwelt-, Sicherheits- und Energietechnik Umsicht“ and University of Hagen.

Finus, M., 2001. Game Theory and International Environmental Cooperation. Cheltenham: Edward Elgar.

Finus, M. and Endres, A., 2000. Kooperative Lösungen in der Umweltpolitik: Eine ökonomische Analyse am Beispiel des Schutzes der globalen Umweltressourcen. Vol. 12. Berlin: Analytica-Verl. (Zeitschrift für angewandte Umweltforschung)

Finus, M. and Endres, A., 1996. Zur neuen politischen Ökonomie der Umweltgesetzgebung - Umweltschutzinstrumente im politischen Prozess. Vol. 8. Berlin: Analytica-Verl. (Zeitschrift für angewandte Umweltforschung)

Finus, M., Correll, G., Hagner, C. and Herrman, R., 1994. Modellstudie zu umweltrelevanten Informationen aus der Agrarstatistik. Studien des Zentrums fur regionale Entwicklungsforschung der Justus-Liebig-Universität Gießen. Gießen: Justus-Liebig-Universität.

Finus, M., 1992. Der Reisekostenansatz: Darstellung, methodische Probleme und Anwendungsmöglichkeiten. Vol. 24. Giessen: Justus-Liebig-Universität. (Materialien des Zentrums für regionale Entwicklungsforschung der Justus-Liebig-Universität Gießen)

Book Sections

Finus, M. and Pintassilgo, P., 2010. Formation of agreements on climate change : the impact of uncertainty. In: Panagopoulos, T., ed. Advances in Climate Changes, Global Warming, Biological Problems and Natural Hazards. World Scientific and Engineering Academy and Society (WSEAS), pp. 124-129.

Finus, M. and Eyckmans, J., 2009. Transfer schemes and institutional changes for sustainable global climate treaties. In: Guesnerie, M. A. and Tulkens, H., eds. The Design of Climate Policy. Cambridge, MA: MIT Press, pp. 103-135. (CESifo Seminar Series)

Finus, M., 2007. Possibilities for co-operation in international pollution control. In: Cogoy, M. and Steininger, K. W., eds. The Economics of Global Environmental Change: International Cooperation for Sustainability. Cheltenham: Edward Elgar, pp. 157-195.

Böhringer, C. and Finus, M., 2005. The Kyoto protocol: success or failure? In: Helm, D., ed. Climate Change Policy. Oxford: Oxford University Press, pp. 253-281.

van Ierland, E., Finus, M. and Dellink, R., 2005. Environmental economics : how to reach agreement? In: Hagedorn, K., Nagel, U. J. and Odening, M., eds. Umwelt- und Produktqualität im Agrarbereich. Vol. 40. Munster, Germany: Landwirtschaftverlag, pp. 27-47.

Finus, M., 2004. International cooperation to resolve international pollution problems. In: Welfare Economics of Sustainable Development from Encyclopedia of Life Support Systems (EOLSS). Oxford, UK: EOLSS, 1.21.4.3.

Finus, M. and Rundshagen, B., 2003. Endogenous coalition formation in global pollution control: a partition function approach. In: The Endogenous Formation of Economic Coalitions. Cheltenham: Edward Elgar, pp. 199-243. (Fondazione Eni Enrico Mattei Series on Economics and the environment)

Finus, M., 2003. New developments in coalition theory : An application to the case of global pollution. In: Marsiliani, L., Rauscher, M. and Withagen, C., eds. Environmental Policy in an International Perspective. Dordrecht, Holland: Kluwer Academic Publishers, pp. 19-49.

Finus, M., 2003. Stability and design of international environmental agreements: the case of transboundary pollution. In: Folmer, H. and Tietenberg, T., eds. The International Yearbook of Environmental and Resource Economics 2003/2004: a Survey of Current Issues. Cheltenham: Edward Elgar, pp. 82-158.

Finus, M., 2002. Game theory and international environmental cooperation: any practical application? In: Böhringer, C., Finus, M. and Vogt, C., eds. Controlling Global Warming: Perspectives from Economics, Game Theory and Public Choice. Cheltenham: Edward Elgar, pp. 9-104.

Finus, M. and Endres, A., 2002. Warum haben marktwirtschaftliche Instrumente im internationalen Umweltschutz kaum eine Chance? In: Rengeling, H.-W. and Hof, H., eds. Instrumente des Umweltschutzes imWirkungsverbund. Baden-Baden: Nomos, pp. 309-325.

Finus, M., Endres, A. and Rundshagen, B., 2001. EOLSS-level writing in financial resource policy and management: Strategic aspects of implementing and international agreement on climate change. In: Tolba, M. K., ed. Our fragile world: challenges and opportunites for sustainable development. Vol. II. Oxford: EOLSS, pp. 2075-2088.

Finus, M., 1998. Eine spieltheoretische Betrachtung internationaler Umweltprobleme. Eine Einführung. In: Hampicke, U. and Nutzinger, H., eds. Nachhaltigkeit in der ökonomischen Theorie. Frankfurt, Germany: Campus, pp. 239-300. (Jahrbuch "Ökonomie und Gesellschaft"; 14)

Endres, A. and Finus, M., 1998. Renegotiation-proof equilibria in a bargaining game over global emission reductions: does the instrumental framework matter? In: Hanley, N. and Folmer, H., eds. Game Theory and the Environment. Cheltenham: Edward Elgar, pp. 135-164.

Finus, M. and Endres, A., 1997. The role of environmental awareness in international pollution control : an economic analysis. In: Ökologisierungsprozesse in Wirtschaft und Verwaltung. Vol. 3/4. Bern, Switzerland: IKAO: Interfakultäre Koordinationsstelle für Allgemeine Ökologie, pp. 74-82.

Finus, M. and Endres, A., 1996. Umweltpolitische Zielbestimmung im Spannungsfeld gesellschaftlicher Interessengruppen : Ökonomische Theorie und Empire. In: Siebert, H., ed. Elemente einer rationalen Umweltpolitik. Expertisen zur umweltpolitischen Neuorientierung. Tübingen: J.C.B.Mohr, pp. 35-133.

Articles

Hübler, M. and Finus, M., 2013. Is the risk of North-South technology transfer failure an obstacle to a cooperative climate change agreement? International Environmental Agreements: Politics, Law and Economics, 13 (4), pp. 461-479.

Finus, M. and Rübbelke, D. T. G., 2013. Public good provision and ancillary benefits : the case of climate agreements. Environmental and Resource Economics, 56 (2), pp. 211-226.

Finus, M., Kotsogiannis, C. and Mccorriston, S., 2013. The international dimension of climate change policy. Environmental and Resource Economics, 56 (2), pp. 151-160.

Finus, M., Kotsogiannis, C. and McCorriston, S., 2013. International coordination on climate policies. Journal of Environmental Economics and Management, 66 (2), pp. 159-165.

Finus, M. and Pintassilgo, P., 2013. The role of uncertainty and learning for the success of international climate agreements. Journal of Public Economics, 103, pp. 29-43.

Lessmann, K., Marschinski, R., Finus, M., Kornek, U. and Edenhofer, O., 2013. Emissions trading with non-signatories in a climate agreement - an analysis of coalition stability. The Manchester School

Finus, M. and Pintassilgo, P., 2012. International environmental agreements under uncertainty: does the 'veil of uncertainty' help? Oxford Economic Papers, 64 (4), pp. 736-764.

Dellink, R. and Finus, M., 2012. Uncertainty and climate treaties : does ignorance pay? Resource and Energy Economics, 34 (4), pp. 565-584.

Finus, M., Rundshagen, B. and Eyckmans, J., 2010. Simulating a sequential coalition formation process for the climate change problem: first come, but second served? Annals of Operations Research, Online first.

Pintassilgo, P., Finus, M., Lindroos, M. and Munro, G., 2010. Stability and success of regional fisheries management organizations. Environmental and Resource Economics, 46 (3), pp. 377-402.

Finus, M. and Rundshagen, B., 2009. Membership rules and stability of coalition structures in positive externality games. Social Choice and Welfare, 32 (3), pp. 389-406.

Finus, M., Saiz, M. E. and Hendrix, E. M. T., 2009. An empirical test of new developments in coalition theory for the design of international environmental agreements. Environment and Development Economics, 14 (1), pp. 117-137.

Finus, M. and Maus, S., 2008. Modesty may pay! Journal of Public Economic Theory, 10 (5), pp. 801-826.

Dellink, R., Finus, M. and Olieman, N., 2008. The stability likelihood of an international climate agreement. Environmental and Resource Economics, 39 (4), pp. 357-377.

Altamirano-Cabrera, J.-C., Finus, M. and Dellink, R., 2008. Do abatement quotas lead to more successful climate coalitions? Manchester School, 76 (1), pp. 104-129.

Finus, M. and Ansel, W., 2008. Das Göteborg Protokoll zur Bekämpfung grenzüberschreitender Luftschadstoffe in Europa : Eine ökonomische und spieltheoretische Evaluierung. Zeitschrift fur Umweltpolitik und Umweltrecht, 30, pp. 457-4488.

Finus, M., 2008. Game theoretic research on the design of international environmental agreements: insights, critical remarks, and future challenges. International Review of Environmental and Resource Economics, 2 (1), pp. 29-67.

Finus, M., 2008. The enforcement mechanisms of the Kyoto protocol: flawed or promising concepts? Letters in Spatial and Resource Sciences, 1 (1), pp. 13-25.

Finus, M. and Eyckmans, J., 2007. Measures to enhance the success of global climate treaties. International Environmental Agreements: Politics, Law and Economics, 7 (1), pp. 73-97.

Carraro, C., Eyckmans, J. and Finus, M., 2006. Optimal transfers and participation decisions in international environmental agreements. Review of International Organizations, 1 (4), pp. 379-396.

Finus, M. and Rundshagen, B., 2006. Participation in international environmental agreements: the role of timing and regulation. Natural Resource Modeling, 19 (2), pp. 165-200.

Altamirano-Cabrera, J.-C. and Finus, M., 2006. Permit trading and stability of international climate agreements. Journal of Applied Economics, 9 (1), pp. 19-47.

Finus, M. and Herzog, O., 2006. Sanktionen zur Durchsetzung von Vertragspflichten in internationalen Umweltabkommen: Spieltheoretische und praktische Überlegungen. Zeitschrift fur Umweltpolitik und Umweltrecht, 29 (1), pp. 25-60.

Finus, M., van Ierland, E. and Dellink, R., 2006. Stability of climate coalitions in a cartel formation game. Economics of Governance, 7 (3), pp. 271-291.

Finus, M. and Rundshagen, B., 2006. A micro foundation of core stability in positive-externality coalition games. Journal of Institutional and Theoretical Economics, 162 (2), pp. 329-346.

Eyckmans, J. and Finus, M., 2006. Coalition formation in a global warming game: how the design of protocols affects the success of environmental treaty-making. Natural Resource Modeling, 19 (3), pp. 323-358.

Eyckmans, J. and Finus, M., 2006. New roads to international environmental agreements: the case of global warming. Environmental Economics and Policy Studies, 7 (4), pp. 391-414.

Weikard, H. P., Finus, M. and Altamirano-Cabrera, J. C., 2006. The impact of surplus sharing on the stability of international climate agreements. Oxford Economic Papers, 58 (2), pp. 209-232.

Finus, M., Altamirano-Cabrera, J.-C. and Van Ierland, E. C., 2005. The effect of membership rules and voting schemes on the success of international climate agreements. Public Choice, 125 (1-2), pp. 95-127.

Finus, M. and Tjotta, S., 2003. The Oslo protocol on sulfur reduction: the great leap forward? Journal of Public Economics, 87 (9-10), pp. 2031-2048.

Endres, A. and Finus, M., 2002. Quotas may beat taxes in a global emission game. International Tax and Public Finance, 9 (6), pp. 687-707.

Endres, A. and Finus, M., 2001. Warum haben marktwirschaftliche Instrumente im internationalen Umweltschutz kaum eine Chance? Konjunkturpolitik, 46 (4), pp. 303-326.

Endres, A., Finus, M. and Lobigs, F., 2000. Symbolische Umweltpolitik im Zeitalter der Globalisierung? Zur Effektivität internationaler Umweltverträge aus ökonomischer Sicht. [Symbolic environmental policy in the light of globalization? On the efficacy of international environmental agreements from an economic perspective]. Perspektiven der Wirtschaftspolitik, 1 (1), pp. 73-91.

Endres, A. and Finus, M., 1999. International environmental agreements: how the policy instrument affects equilibrium emissions and welfare. Journal of Institutional and Theoretical Economics, 155 (3), pp. 527-550.

Endres, A. and Finus, M., 1998. Playing a better global warming game: does it help to be green? Swiss Journal of Economics and Statistics, 134 (1), pp. 21-40.

Finus, M. and Rundshagen, B., 1998. Renegotiation-proof equilibria in a global emission game when players are impatient. Environmental and Resource Economics, 12 (3), pp. 275-306.

Finus, M. and Rundshagen, B., 1998. Toward a positive theory of coalition formation and endogenous instrumental choice in global pollution control. Public Choice, 96 (1-2), pp. 145-186.

Finus, M., 1992. Ansätze zur Messung des Wertes von Umweltgütern in der Landwirtschaft: Methodische Grundlagen. Agrarwirtschaft, 41, pp. 367-374.

Reports/Papers

Finus, M., Pintassilgo, P. and Ulph, A., 2014. International Environmental Agreements with Uncertainty, Learning and Risk Aversion. Working Paper. School of Economics, University of Bath. (Bath Economics Research Working Papers; 19/14)

Eyckmans, J., Finus, M. and Mallozziy, L., 2012. A New Class of Welfare Maximizing Stable Sharing Rules for Partition Function Games with Externalities. Working Paper. Bath, U. K.: Department of Economics, University of Bath. (Bath Economics Research Working Papers; 6/12)

Lessmann, K., Marschinski, R., Finus, M., Kornek, U. and Edenhofer, O., 2012. Emissions Trading with Non-signatories in a Climate Agreement : An Analysis of Coalition Stability. Working Paper. Bath, U. K.: Department of Economics, University of Bath. (Bath Economics Research Working Papers; 8/12)

Finus, M. and Schneider, R., 2012. Scope and Compatibility of Measures in International Fisheries Agreements. Working Paper. Bath, U. K.: University of Bath Department of Economics. (Bath Economics Research Working Papers; 9/12)

Finus, M. and Pintassilgo, P., 2012. The Role of Uncertainty and Learning for the Success of International Climate Agreements. Working Paper. Bath, U. K.: University of Bath Department of Economics. (Bath Economics Research Working Papers; 5/12)

Lash, D., Finus, M., Norton, A.D.S. and Colmer, J., 2010. Technical Annex to 'The Low Carbon Economy in the context of the Devon Economy'. Other. Exeter, UK: University of Exeter. (Scientist's Reports; 130)

Lash, D., Finus, M., Norton, A. D. S. and Colmer, J., 2010. The Low Carbon Economy in the context of the Devon Economy. Other. Exeter, U. K.: University of Exeter. (Scientist's Reports; 129)

Eyckmans, J. and Finus, M., 2009. An almost ideal sharing scheme for coalition games with externalities. Discussion Paper. UK: University of Stirling. (Discussion Paper; 2009-10)

Finus, M., Pintassilgo, P. and Ulph, A., 2009. International environmental agreements with uncertainty, learning and risk aversion. Working Paper. UK: University of Stirling.

Finus, M., Schneider, R. and Pintassilgo, P., 2009. The incentive structure of impure public good provision - the case of international fisheries. Working Paper. Exeter, U. K.: University of Exeter.

Finus, M., van Mouche, P. and Rundshagen, B., 2005. Uniqueness of coalitional equilibria. Working Paper. Italy: Fondazione Eni Enrico Mattei.

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