We characterize a mechanism for reducing pollution emissions in which countries, acting non-cooperatively, commit to match each others' abatement levels and may subsequently engage in emissions quota trading. The mechanism leads to an efficient level of emissions, and if the matching abatements...

We characterize a mechanism for reducing pollution emissions in which countries,　acting non-cooperatively, commit to match each others’ abatement levels and may　subsequently engage in emissions quota trading. The mechanism leads to an efficient level of emissions, and if the matching...

We characterize a mechanism for reducing pollution emissions in which countries, acting non-cooperatively, commit to matching each others' abatement levels and may subsequently engage in emissions quota trading. The mechanism leads to an efficient level of emissions, and if the matching...