Strategic issues in global climate change policy
An analysis of prospects for deriving self-enforcing, global, greenhouse gas emission mitigation agreements is provided. Policy spillovers and carbon leakages are accounted for. Situations where mitigation effort should be concentrated in particular countries and where efficient outcomes can be fostered by international trade in emissions permits are discussed. The use of auxiliary policies to transform intractable Prisoner's Dilemma incentive problems to more tractable problems, the role of policy commitments and the strategic implications of 'no regret' and 'adaptation' policies are analysed. Dynamic and repeated game formulations are outlined. Copyright 2010 The Author. Journal compilation 2010 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.
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Volume (Year): 54 (2010)
Issue (Month): 2 (04)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Stiglitz Joseph, 2006. "A New Agenda for Global Warming," The Economists' Voice, De Gruyter, vol. 3(7), pages 1-4, July.
- Frank Convery & Christian De Perthuis & Denny Ellerman, 2008. "The European Carbon Market In Action: Lessons From The First Trading Period. Interim Report," Working Papers 0802, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
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Oxford University Press, vol. 24(2), pages 280-297, Summer.
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