likelihood of agreement in bilateral negotiations over the provision of a public good when parties have private information over …

Real-world negotiations differ fundamentally from existing bargaining theory. Inspired by the Paris Agreement on …

International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change …

the intuition that risk exposure is detrimental, we show that residual claimants are able to extract a risk premium, which … is increasing in risk exposure. In some cases the premium is so high that it is advantageous to bargain over a risky pie … rather than a risk-less pie. Contrary to theory, the comparatively less risk adverse residual claimants benefit the most …

role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …