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Tekijä:Asheim, G.B. (et al.)
Otsikko:Regional versus global cooperation for climate control
Lehti:Journal of Environmental Economics and Management
2006 : JAN, VOL. 51:1, p. 93-109
Asiasana:CONTRACTS
climate
co-operation
Kieli:eng
Tiivistelmä:This article discusses whether international environmental public goods provision, such as mitigation of climate change, is better dealt with through regional cooperation than through a global treaty. Previous research suggests that, at best, a global environmental treaty will achieve very little. Using a simple dynamic game-theoretic model, with weakly renegotiation-proof equilibrium as solution concept, the authors show that two agreements can sustain a larger number of cooperating parties than a single global treaty. The model provides upper and lower bounds on the number of parties under each type of regime. It is suggested that a regime with two agreements can Pareto dominate a regime based on a single global treaty.
SCIMA tietueen numero: 263144
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