Karp, Larry; Zhao, Jinhua - Department of Agricultural and Resource Economics, … - 2007
tends to be small when the benefits of cooperation are large. We show that with an escape clause and a properly chosen level … would make it easier to force signatories to comply with their obligations. We study the participation game under an escape … clause using both a Nash Equilibrium and the concept of a stable set when nations are “farsightedâ€. We compare our results …