Unilateral Action and Negotiations about Climate Policy
We analyze bargaining over international climate agreements in a setting with incomplete information about abatement costs. Unilateral commitment to high abatement reduces the gains from global cooperation. This reduces the probability of reaching efficient international environmental agreements.
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- Beccherle, Julien & Tirole, Jean, 2011.
"Regional initiatives and the cost of delaying binding climate change agreements,"
Journal of Public Economics,
Elsevier, vol. 95(11), pages 1339-1348.
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