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The CO2 Abatement Game: Costs, Incentives and the Stability of a Sub-Global Coalition

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  • Mustafa Babiker

    (University of Colorado at Boulder)

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    Abstract

    This paper studies the economic incentives and the institutional issues governing the outcomes of a short-term climate change policy package guided by the United Nations' Framework Convention on Climate Change and the Berlin Mandate initiatives. Game theoretic tools and the global trade-environment interface are explored within a 26-region, 13- commodity computable general equilibrium framework to characterize the incentives of OECD regions to comply with a non-binding agreement in a carbon abatement coalition. The results have shown that the achievement of such a coalition as well as its expansion by means of self-financed schemes are possible if suitable trade instruments are designed.

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    File URL: http://128.118.178.162/eps/comp/papers/9807/9807002.pdf
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    Bibliographic Info

    Paper provided by EconWPA in its series Computational Economics with number 9807002.

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    Length: 55 pages
    Date of creation: 26 Jul 1998
    Date of revision:
    Handle: RePEc:wpa:wuwpco:9807002

    Note: Type of Document - pdf; prepared on IBM PC - PC-TEX/UNIX Sparc TeX; to print on HP/PostScript/Franciscan monk; pages: 55 ; figures: included. This work has one the Society of Computational Economics' contest for graduate student paper 1998
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    Keywords: CGE Abatement CO2 coalition subgame connected-game;

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    14. Pindyck, Robert S, 1979. "Interfuel Substitution and the Industrial Demand for Energy: An International Comparison," The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 169-79, May.
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