Rubio, Santiago; Casino, Begoña - In: Spanish Economic Review 7 (2005) 2, pp. 89-109
In this paper the stability of an International Environmental Agreement (IEA) among N identical countries that emit a pollutant are studied using a two-stage game. In the first stage each country decides noncooperatively whether or not to join an IEA, and in the second stage signatories jointly...