Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods-game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final...

Viewing individual contributions as investments in emission reductionwe rely on the familiar linear public goods-game to set global reductiontargets which, if missed, imply that all payoffs are destroyed witha certain probability. Regulation by milestones does not only impose afinal reduction...

Based on German experiences, this paper discusses the political economy of climate protection. The objective is to come to a better understanding of why climate change has become one of the main topics at the domestic agenda in some countries, despite the fact that there are obvious free-riding...