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| Tekijä: | Carraro, C. Siniscalco, D. |
| Otsikko: | International environmental agreements: Incentives and political economy |
| Lehti: | European Economic Review
1998 : MAY, VOL. 42:3-5, p. 561-572 |
| Asiasana: | CONTRACTS POLITICAL ECONOMY GAMES ENVIRONMENT |
| Kieli: | eng |
| Tiivistelmä: | International environmental agreements are increasingly important in a globalized economy. These agreements are also important in the context of coalition formation theory. Given the incentives to free ride, the profitability and the optimality of the agreements are separated from their stability. The paper reviews the recent advances in the area. The main results show that partial coalitions and multiple agreements tend to prevail among subset of players, and that agreements among all players are most unlikely to exist. |
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