This paper studies the impact of pragmatic and optimal transfer schemes on the incentives for regions to join international climate agreements. With an applied model that comprises twelve world regions we investigate: (i) a benchmark without transfers, (ii) scenarios with allocation-based rules...

We study the impact of altruism on the stability of international climate agreements. We consider the standard two-stage game for the analysis of international environmental agreements where countries announce their participation at the first stage and abatement levels are chosen at the second...