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This paper analyzes greenhouse gas emissions that build up an atmospheric stock which depreciates over time. Weakly renegotiation- proof and subgame perfect equilibria in a game of international emission reduction exist if countries put a sufficiently high weight on future payoffs, even though...
Persistent link: https://www.econbiz.de/10009158588
mechanisms is preferable to forming a climate coalition that focuses directly on emission reduction commitments. -- climate …
Persistent link: https://www.econbiz.de/10009307973
We analyze bargaining over international climate agreements in a setting with incomplete information about abatement costs. Unilateral commitment to high abatement reduces the gains from global cooperation. This reduces the probability of reaching efficient international environmental...
Persistent link: https://www.econbiz.de/10009407577
Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead, partial cooperation between like-minded countries appears a more likely outcome. In this paper we analyze the effects of such partial cooperation between like-minded countries. In...
Persistent link: https://www.econbiz.de/10013315882
This paper posits the conceptually useful allegory of a futuristic "World Climate Assembly" that votes on global carbon emissions via the basic principle of majority rule. Two variants are considered. One is to vote on a universal price (or tax) that is internationally harmonized, but the...
Persistent link: https://www.econbiz.de/10014138678
We demonstrate the advantages of a climate treaty based solely on rules for international permit markets when there is uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule. Each signatory can freely choose the...
Persistent link: https://www.econbiz.de/10014041072
countries better off. Rather, equity oriented countries (for example developing countries) enter a coalition only if they don …, however, countries differ too much in population size and per capita emissions, generally no coalition will be stable without … restrictions on entry into or exit out of a coalition. We show that in such a situation equity-orientation does not improve upon …
Persistent link: https://www.econbiz.de/10014096162
In diesem Papier wird untersucht, ob bzw. wie sich im Rahmen des Kyoto Protokolls die globalen Emissionsreduktionsziele mit der ökonomischen Rationalität der beteiligten Länder in Einklang bringen lassen. Den äußeren Rahmen der Analyse bildet eine spieltheoretische Darstellung der...
Persistent link: https://www.econbiz.de/10010301346
Persistent link: https://www.econbiz.de/10003327495
Persistent link: https://www.econbiz.de/10003812922