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Participation in International Environmental Agreements: The Role of Timing and Regulation

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  • Michael Finus

    (University of Hagen)

  • Bianca Rundshagen

    (University of Hagen)

Abstract

We analyze the formation of self-enforcing international environmental agreements under the assumption that countries announce their participation either simultaneously or sequentially. It is shown that a sequential formation process opens up possibilities for strategic behavior of countries that may lead to inferior outcomes in terms of global abatement and welfare. We then analyze whether and under which conditions a regulator like an international organization, even without enforcement power, can improve upon globally suboptimal outcomes through coordination and moderation, given that recommendations must be Pareto-improving to all parties.

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Bibliographic Info

Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2005.45.

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Date of creation: Mar 2005
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Handle: RePEc:fem:femwpa:2005.45

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Keywords: International environmental agreements; Timing of participation decision; Coalition theory; Role of international regulator;

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References

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  1. Rubio, S. J. & Ulph, A., 2002. "An infinite-horizon model of dynamic membership of international environmental agreements," Discussion Paper Series In Economics And Econometrics 0210, Economics Division, School of Social Sciences, University of Southampton.
  2. Germain, Marc & Toint, Philippe & Tulkens, Henry & de Zeeuw, Aart, 2003. "Transfers to sustain dynamic core-theoretic cooperation in international stock pollutant control," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 28(1), pages 79-99, October.
  3. Carraro, Carlo & Siniscalco, Domenico, 1991. "Strategies for the International Protection of the Environment," CEPR Discussion Papers, C.E.P.R. Discussion Papers 568, C.E.P.R. Discussion Papers.
  4. Hart, Sergiu & Kurz, Mordecai, 1983. "Endogenous Formation of Coalitions," Econometrica, Econometric Society, Econometric Society, vol. 51(4), pages 1047-64, July.
  5. Debraj Ray & Rajiv Vohra, 1996. "A Theory of Endogenous Coalition Structure," Papers, Boston University - Industry Studies Programme 0068, Boston University - Industry Studies Programme.
  6. Effrosyni Diamantoudi & Eftichios S. Sartzetakis, 2001. "Stable International Environmental Agreements: An Analytical Approach," Working Papers, Concordia University, Department of Economics 04001, Concordia University, Department of Economics, revised Feb 2003.
  7. Chander, Parkash & Tulkens, Henry, 1994. "The Core of an Economy With Multilateral Environmental Externalities," Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences 886, California Institute of Technology, Division of the Humanities and Social Sciences.
  8. Michael Hoel & Kerstin Schneider, 1997. "Incentives to participate in an international environmental agreement," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 9(2), pages 153-170, March.
  9. Michael Hoel, 1992. "International environment conventions: The case of uniform reductions of emissions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 2(2), pages 141-159, March.
  10. Michael Finus & Pierre v. Mouche & Bianca Rundshagen, 2005. "Uniqueness of Coalitional Equilibria," Working Papers, Fondazione Eni Enrico Mattei 2005.23, Fondazione Eni Enrico Mattei.
  11. Petrakis, Emmanuel & Xepapadeas, Anastasios, 1996. "Environmental consciousness and moral hazard in international agreements to protect the environment," Journal of Public Economics, Elsevier, Elsevier, vol. 60(1), pages 95-110, April.
  12. Bloch, Francis, 1996. "Sequential Formation of Coalitions in Games with Externalities and Fixed Payoff Division," Games and Economic Behavior, Elsevier, Elsevier, vol. 14(1), pages 90-123, May.
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Cited by:
  1. Michael Finus & Bianca Rundshagen & Johan Eyckmans, 2009. "Simulating a Sequential Coalition Formation Process for the Climate Change Problem: First Come, but Second Served?," Working Papers, Fondazione Eni Enrico Mattei 2009.109, Fondazione Eni Enrico Mattei.
  2. Arthur Caplan & Emilson Silva, 2002. "An Equitable, Efficient and Implementable Scheme to Control Global Carbon Dioxide Emissions," Working Papers, Utah State University, Department of Economics 2002-22, Utah State University, Department of Economics.

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