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New Roads to International Environmental Agreements: The Case of Global Warming

  • Johan Eyckmans

    ()

    (K.U.Leuven-Center for Economic Studies and EHSAL Europese Hogeschool Brussel)

  • Michael Finus

    ()

    (Department of Economics, University of Hagen,)

We analyze with an integrated assessment model of climate change the formation of international environmental agreements (IEAs) by applying the widely used concept of internal& external stability and several modifications of it. We relax the assumptions of a single agreement and open membership rule. It turns out that regional agreements are superior to a single agreement and exclusive is superior to open membership in welfare and ecological terms. Moreover, we show the importance of transfers for successful treaty-making. We relate our results to the design of current and past IEAs as well as to other issues of international policy coordination.

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Paper provided by KU Leuven, Department of Economics - Research Group Energy, Transport and Environment in its series Energy, Transport and Environment Working Papers Series with number ete0318.

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Length: 38 pages
Date of creation: Dec 2003
Date of revision:
Handle: RePEc:ete:etewps:ete0318
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