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Self-enforcing international environmental agreements with a stock pollutant

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  • Santiago Rubio

    ()

  • Begoña Casino

    ()

Abstract

In this paper the stability of an International Environmental Agreement (IEA) among N identical countries that emit a pollutant are studied using a two-stage game. In the first stage each country decides noncooperatively whether or not to join an IEA, and in the second stage signatories jointly against nonsignatories determine their emissions in a dynamic setting defined in continuous time. A numerical simulation shows that a bilateral coalition is the unique self-enforcing IEA independently of the gains coming from cooperation and the kind of strategies played by the agents (open-loop or feedback strategies). We have also studied the effects of a minimum participation clause finding that for this case a self-enforcing IEA just consists of the number of countries established in the clause. Copyright Springer-Verlag Berlin/Heidelberg 2005

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File URL: http://hdl.handle.net/10.1007/s10108-005-0098-6
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Bibliographic Info

Article provided by Springer in its journal Spanish Economic Review.

Volume (Year): 7 (2005)
Issue (Month): 2 (06)
Pages: 89-109

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Handle: RePEc:spr:specre:v:7:y:2005:i:2:p:89-109

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Related research

Keywords: International environmental agreements; Stock externalities; Differential games; Open-loop Nash equilibrium;

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Citations

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Cited by:
  1. Omar J. Casas & Rosario Romera, 2009. "Controlling the international stock pollutant with policies depending on target values," Statistics and Econometrics Working Papers ws096019, Universidad Carlos III, Departamento de Estadística y Econometría.
  2. Benchekroun, H. & Ray Chaudhuri, A., 2012. "Cleaner Technologies and the Stability of International Environmental Agreements," Discussion Paper 2012-021, Tilburg University, Tilburg Law and Economic Center.
  3. Bruno Nkuiya, 2012. "The Effects of the Length of the Period of Commitment on the Size of Stable International Environmental Agreements," Dynamic Games and Applications, Springer, vol. 2(4), pages 411-430, December.
  4. Ralph Winkler, 2008. "Optimal compliance with emission constraints: dynamic characteristics and the choice of technique," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(4), pages 411-432, April.
  5. Leo Wangler & JJuan-Carlos Altamirano-Cabrera & Hans-Peter Weikard, 2011. "The Political Economy of International Environmental Agreements: A Survey," Jena Economic Research Papers 2011-038, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  6. Emilio Calvo & Santiago J. Rubio, 2012. "Dynamic Models of International Environmental Agreements: A Differential Game Approach," Discussion Papers in Economic Behaviour 0112, University of Valencia, ERI-CES.
  7. Bayramoglu, Basak & Jacques, Jean-François, 2011. "The role of fixed cost in international environmental negotiations," Environment and Development Economics, Cambridge University Press, vol. 16(02), pages 221-238, April.
  8. Omar J. Casas & Rosario Romera, 2011. "The international stock pollutant control: a stochastic formulation with transfers," Statistics and Econometrics Working Papers ws112217, Universidad Carlos III, Departamento de Estadística y Econometría.
  9. Marta Biancardi & Andrea Di Liddo, 2008. "International Environmental Agreement: a Dynamic Model of Emissions Reduction," Quaderni DSEMS 13-2008, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
  10. Michèle Breton & Lucia Sbragia & Georges Zaccour, 2010. "A Dynamic Model for International Environmental Agreements," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 45(1), pages 25-48, January.
  11. Xiao Chen & Alan Woodland, 2013. "International trade and climate change," International Tax and Public Finance, Springer, vol. 20(3), pages 381-413, June.

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