The biodiversity supergame
This paper considers the ability of developed countries to sustain a cooperative agreement to compensate developing countries for the “incremental costs” of biodiversity conservation. It is shown that, depending on certain parameter values and the model specification, such an agreement could only codify the non-cooperative outcome or achieve the full cooperative outcome where global net benefits are maximized. However, where the agreement can sustain the full cooperative outcome, net benefits will be only slightly larger than in the noncooperative outcome. Copyright Kluwer Academic Publishers 1994
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Volume (Year): 4 (1994)
Issue (Month): 1 (February)
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- Barrett, Scott, 1990. "The Problem of Global Environmental Protection," Oxford Review of Economic Policy, Oxford University Press, vol. 6(1), pages 68-79, Spring.
- Farrell, Joseph & Maskin, Eric, 1989.
"Renegotiation in repeated games,"
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- Joseph Farrell and Eric Maskin., 1987. "Renegotiation in Repeated Games," Economics Working Papers 8759, University of California at Berkeley.
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- Solow Andrew & Polasky Stephen & Broadus James, 1993. "On the Measurement of Biological Diversity," Journal of Environmental Economics and Management, Elsevier, vol. 24(1), pages 60-68, January.
- Shapley, Lloyd S & Shubik, Martin, 1969. "On the Core of an Economic System with Externalities," American Economic Review, American Economic Association, vol. 59(4), pages 678-84, Part I Se.
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