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Almost all international environmental agreements include a minimum participation rule. Under such a rule an agreement becomes legally binding if and only if a certain threshold in terms of membership or contribution is reached. We analyze a cartel game with open membership and heterogeneous...
Persistent link: https://www.econbiz.de/10010330092
We analyze with an integrated assessment model of climate change the formation of interna-tional environmental agreements (IEAs) by applying the widely used concept of inter-nal & external stability and several modifications of it. We relax the assumptions of a single agreement and open...
Persistent link: https://www.econbiz.de/10011325122
In this paper, we extend the Fehr and Schmidt model of inequality aversion to a situation where the players differ with respect to their benefits and costs from contributions to a non-linear public good. A necessary condition for contributing to the public good is that the players' benefit...
Persistent link: https://www.econbiz.de/10010306006
This paper surveys the recent literature on the political economy of the formation of international environmental agreements. The survey covers theoretical modelling approaches and empirical studies including experimental work. Central to our survey is the question how the political process...
Persistent link: https://www.econbiz.de/10009271149
Global warming is an example of a global tragedy of the commons. The atmosphere is a global common property resource. The global nature of this resource makes global warming a particularly difficult problem to solve. The reason for this is that there is no world government that can introduce and...
Persistent link: https://www.econbiz.de/10012718767
The interplay of culture and institutions is of high relevance for the economic well-being of societies. Identifying causality between culture and institutions, however, is difficult using field data. Trajectories based on country-specific histories can influence the adoption and the success of...
Persistent link: https://www.econbiz.de/10012848700
Recent contributions to the theoretical and experimental literature suggest that minimum participation rules (MPRs) are able to reduce free-riding incentives and may facilitate cooperation (or at least coordination) at the extensive margin of international environmental agreements. Based on a...
Persistent link: https://www.econbiz.de/10013027444
The paper analyzes solar geoengineering and strategic interactions in an integrated assessment model of climate change. We provide a simple formula for globally optimal sulfur deployment and analyze regional engagement in a dynamic Markov game. We derive the impact of geoengineering on the...
Persistent link: https://www.econbiz.de/10013313033
We analyze with an integrated assessment model of climate change the formation of international environmental agreements (IEAs) by applying the widely used concept of internal & external stability and several modifications of it. We relax the assumptions of a single agreement and open membership...
Persistent link: https://www.econbiz.de/10014074672
We combine the newest concepts o non-cooperative coalition theory with a computable general equilibrium model close to the seminal RICE-model of Nordhaus and Yang (1996) to determine stable coalition structures in a global warming game. We consider three coalition games that allow for the...
Persistent link: https://www.econbiz.de/10014051299