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On the farsighted stability of the Kyoto Protocol

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  • Johan Eyckmans

    ()
    (K.U.Leuven, C.E.S., Energy, Transport and Environment)

Abstract

This paper investigates the coalitional stability of the 1997~Kyoto Protocol on the emissions of greenhouse gases. Unlike conventional coalition stability tests we assume that potential deviators are farsighted in the sense of Chwe~(1994) and take into account possible subsequent deviations by the remaining players. In the empirical part of the paper, a Partial Agreement Nash Equilibrium w.r.t. to the Kyoto coalition is computed with a stylized dynamic integrated assessment model that resembles closely the RICE model by Nordhaus and Yang~(1996). The simulations show that the Kyoto coalition is more stable than suggested by conventional myopic stability concepts but that the stability analysis is very sensitive to the coalitional surplus sharing rule.

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Bibliographic Info

Paper provided by Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment in its series Energy, Transport and Environment Working Papers Series with number ete0103.

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Length: 33 pages
Date of creation: Feb 2001
Date of revision:
Handle: RePEc:ete:etewps:ete0103

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Keywords: climate change; coalition stability; farsightedness;

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Cited by:
  1. Zeeuw, A.J. de, 2008. "Dynamic effects on the stability of international environmental agreements," Open Access publications from Tilburg University urn:nbn:nl:ui:12-377597, Tilburg University.
  2. Marta Biancardi & Giovanni Villani, 2011. "Largest Consistent Set in International Environmental Agreements," Computational Economics, Society for Computational Economics, vol. 38(3), pages 407-423, October.
  3. Dritan Osmani & Richard S.J. Tol, 2008. "Evolution in time of Farsightedly Stable Coalitions: An Application of FUND," Working Papers FNU-162, Research unit Sustainability and Global Change, Hamburg University, revised May 2008.
  4. Karp, Larry & Zhao, Jinhua, 2007. "A Proposal to Reform the Kyoto Protocol: the Role of Escape Clauses and Foresight," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5b10v2jr, Department of Agricultural & Resource Economics, UC Berkeley.
  5. Benchekroun, H. & Ray Chaudhuri, A., 2012. "Cleaner Technologies and the Stability of International Environmental Agreements," Discussion Paper 2012-051, Tilburg University, Center for Economic Research.
  6. Carlo Carraro & Barbara Buchner, 2006. "Economic and Environmental Effectiveness of a Technology-based Climate Protocol," Working Papers 2006_12Classification-JEL, Department of Economics, University of Venice "Ca' Foscari".
  7. Karp, Larry & Simon, Leo, 2013. "Participation games and international environmental agreements: A non-parametric model," Journal of Environmental Economics and Management, Elsevier, vol. 65(2), pages 326-344.
  8. Johan Eyckmans & Michael Finus, 2003. "New Roads to International Environmental Agreements: The Case of Global Warming," Energy, Transport and Environment Working Papers Series ete0318, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
  9. Johan Eyckmans & Michael Finus, 2003. "Coalition Formation in a Global Warming Game: How the Design of Protocols Affects the Success of Environmental Treaty-Making," Energy, Transport and Environment Working Papers Series ete0317, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
  10. Calvo, Emilio & Rubio, Santiago J., 2013. "Dynamic Models of International Environmental Agreements: A Differential Game Approach," International Review of Environmental and Resource Economics, now publishers, vol. 6(4), pages 289-339, April.
  11. Giovanni Villani & Marta Biancardi, 2011. "Largest Consistent Set in International Environmental Agreements," Quaderni DSEMS 04-2011, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
  12. Dritan Osmani & Richard S J Tol, 2008. "A Short Note on Joint Welfare Maximization Assumption," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(3), pages 22-39, August.
  13. Michèle Breton & Michel Keoula, 2012. "Farsightedness in a Coalitional Great Fish War," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 51(2), pages 297-315, February.
  14. Maryse Labriet & Richard Loulou, 2008. "How Crucial is Cooperation in Mitigating World Climate? Analysis with World-MARKAL," Computational Management Science, Springer, vol. 5(1), pages 67-94, February.
  15. Dritan Osmani & Richard S.J. Tol, 2007. "Toward Farsightedly Stable International Environmental Agreements, Part two," Working Papers FNU-149, Research unit Sustainability and Global Change, Hamburg University, revised Oct 2007.
  16. 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.

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