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A climate agreement with full participation

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  • Froyn, Camilla Bretteville
  • Hovi, Jon

Abstract

Using a repeated-game model, we demonstrate that by limiting the punishment for non-compliance, a climate agreement with full participation can be sustained as a weakly renegotiation-proof equilibrium even without watering down abatement levels.

Suggested Citation

  • Froyn, Camilla Bretteville & Hovi, Jon, 2008. "A climate agreement with full participation," Economics Letters, Elsevier, vol. 99(2), pages 317-319, May.
    • Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:317-319
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    References listed on IDEAS

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    1. Scott Barrett, 2002. "Consensus Treaties," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(4), pages 529-547, December.
    2. Asheim, Geir B. & Froyn, Camilla Bretteville & Hovi, Jon & Menz, Fredric C., 2006. "Regional versus global cooperation for climate control," Journal of Environmental Economics and Management, Elsevier, vol. 51(1), pages 93-109, January.
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    6. Farrell, Joseph & Maskin, Eric, 1989. "Renegotiation in repeated games," Games and Economic Behavior, Elsevier, vol. 1(4), pages 327-360, December.
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    8. Finus, Michael & Rundshagen, Bianca, 1998. "Toward a Positive Theory of Coalition Formation and Endogenous Instrumental Choice in Global Pollution Control," Public Choice, Springer, vol. 96(1-2), pages 145-186, July.
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    Citations

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    Cited by:

    1. Achim Hagen & Klaus Eisenack, 2019. "Climate Clubs Versus Single Coalitions: The Ambition Of International Environmental Agreements," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 1-19, August.
    2. Andries Hof & Michel Elzen & Detlef Vuuren, 2009. "Environmental effectiveness and economic consequences of fragmented versus universal regimes: what can we learn from model studies?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(1), pages 39-62, February.
    3. Guillaume Cheikbossian, 2019. "Group cooperation against an incumbent," Working Papers hal-02378829, HAL.
    4. Okada, Akira, 2023. "A dynamic climate negotiation game achieving full cooperation," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 657-669.
    5. Takashima, Nobuyuki, 2017. "International environmental agreements with ancillary benefits: Repeated games analysis," Economic Modelling, Elsevier, vol. 61(C), pages 312-320.
    6. Kratzsch, Uwe & Sieg, Gernot & Stegemann, Ulrike, 2012. "An international agreement with full participation to tackle the stock of greenhouse gases," Economics Letters, Elsevier, vol. 115(3), pages 473-476.
    7. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
    8. Sang-Chul Suh, 2016. "The Failure of Climate Change Negotiations: Irrational Countries Exclude the Poor and the Future Generations," Working Papers 1607, University of Windsor, Department of Economics.
    9. Hsiao-Chi Chen & Shi-Miin Liu, 2017. "An Evolutionary Approach to International Environmental Agreements with Full Participation," RIEEM Discussion Paper Series 1702, Research Institute for Environmental Economics and Management, Waseda University.
    10. Gerber, Anke & Wichardt, Philipp C., 2009. "Providing public goods in the absence of strong institutions," Journal of Public Economics, Elsevier, vol. 93(3-4), pages 429-439, April.
    11. Kratzsch, Uwe & Sieg, Gernot & Stegemann, Ulrike, 2010. "A full participation agreement on global emission reduction through strategic investments in R & D," MPRA Paper 27188, University Library of Munich, Germany.
    12. Geir Asheim & Bjart Holtsmark, 2009. "Renegotiation-Proof Climate Agreements with Full Participation: Conditions for Pareto-Efficiency," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(4), pages 519-533, August.
    13. Gersbach, Hans & Winkler, Ralph, 2012. "Global refunding and climate change," Journal of Economic Dynamics and Control, Elsevier, vol. 36(11), pages 1775-1795.
    14. Nyborg, Karine, 2018. "Reciprocal climate negotiators," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 707-725.
    15. Takashima, Nobuyuki, 2018. "International environmental agreements between asymmetric countries: A repeated game analysis," Japan and the World Economy, Elsevier, vol. 48(C), pages 38-44.
    16. Nyborg, Karine, 2014. "Reciprocal Climate Negotiators: Balancing Anger against Even More Anger," Memorandum 17/2014, Oslo University, Department of Economics.
    17. Hsiao‐Chi Chen & Yunshyong Chow & Shi‐Miin Liu, 2022. "International environmental agreements under an evolutionary mechanism of imitation and asymmetric countries," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(3), pages 285-309, September.
    18. Guillaume Cheikbossian, 2021. "Group cooperation against a hegemon," Journal of Theoretical Politics, , vol. 33(1), pages 25-55, January.
    19. Hsiao‐Chi Chen & Shi‐Miin Liu, 2023. "International environmental agreements under different evolutionary imitation mechanisms," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(2), pages 248-289, June.
    20. Günther, Michael & Hellmann, Tim, 2017. "International environmental agreements for local and global pollution," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 38-58.

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