This paper analyses the role of ratification quotas in multilateral agreements over emission reduction. The higher is the quota, the lower is the level of emissions in case the agreement comes into force, but the higher is also the risk of failure. In a setting with incomplete information, two...

Der anthropogene Treibhauseffekt gilt weithin als das vorrangige Umweltproblem unserer Zeit. Da die Folgen einer Klimaänderung eine globale Dimension besitzen und kein Staat im Alleingang den Ausstoß von Treibhausgasen genügend senken kann, ist politisches Handeln auf internationaler Ebene...

This paper studies the formation of self-enforcing global environmental agreements in a world economy with international trade and two groups of countries that differ with respect to fuel demand and environmental damage. It investigates whether the signatories’ threat to embargo (potential)...