Climate experts delegated by countries to COP 24 and COP 25 show much agreement on international energy policy measures in the context of climate protection. Experts on average also agree with the proposal of compensating countries with large oil and gas reserves for not extracting them. But...

Clustering and lack of sufficient diversification in research strategies has been identified as an important problem for delegated research as it takes place in design contests by Erat and Krishnan (2012). We show that this problem can be solved by local competition (such as bribery, lobbying or...

We analyze bargaining over international climate agreements in a setting with incomplete information about abatement costs. Unilateral commitment to high abatement reduces the gains from global cooperation. This reduces the probability of reaching efficient international environmental...