IDEAS home Printed from https://ideas.repec.org/p/zbw/tbswps/11.html
   My bibliography  Save this paper

An international agreement with full participation to tackle the stock of greenhouse gases

Author

Listed:
  • Kratzsch, Uwe
  • Sieg, Gernot
  • Stegemann, Ulrike

Abstract

This paper analyzes greenhouse gas emissions that build up an atmospheric stock which depreciates over time. Weakly renegotiation- proof and subgame perfect equilibria in a game of international emission reduction exist if countries put a sufficiently high weight on future payoffs, even though there is a discontinuity in the required discount factor due to the integrity of the number of punishing countries. Treaties are easier to reach if the gas depreciates slowly.

Suggested Citation

  • Kratzsch, Uwe & Sieg, Gernot & Stegemann, Ulrike, 2011. "An international agreement with full participation to tackle the stock of greenhouse gases," Economics Department Working Paper Series 11, Technische Universität Braunschweig, Economics Department.
  • Handle: RePEc:zbw:tbswps:11
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/51314/1/663609720.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Scott Barrett, 2002. "Consensus Treaties," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 158(4), pages 529-547, December.
    2. Asheim, Geir B. & Froyn, Camilla Bretteville & Hovi, Jon & Menz, Fredric C., 2006. "Regional versus global cooperation for climate control," Journal of Environmental Economics and Management, Elsevier, vol. 51(1), pages 93-109, January.
    3. Geir Asheim & Bjart Holtsmark, 2009. "Renegotiation-Proof Climate Agreements with Full Participation: Conditions for Pareto-Efficiency," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(4), pages 519-533, August.
    4. Farrell, Joseph & Maskin, Eric, 1989. "Renegotiation in repeated games," Games and Economic Behavior, Elsevier, vol. 1(4), pages 327-360, December.
    5. Hans-Werner Sinn, 2008. "Public policies against global warming: a supply side approach," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(4), pages 360-394, August.
    6. Evans, Robert & Maskin, Eric, 1989. "Efficient renegotiation--proof equilibria in repeated games," Games and Economic Behavior, Elsevier, vol. 1(4), pages 361-369, December.
    7. Hans-Werner Sinn, 2007. "Public Policies against Global Warming," NBER Working Papers 13454, National Bureau of Economic Research, Inc.
    8. Dutta, Prajit K. & Radner, Roy, 2009. "A strategic analysis of global warming: Theory and some numbers," Journal of Economic Behavior & Organization, Elsevier, vol. 71(2), pages 187-209, August.
    9. Kratzsch, Uwe & Sieg, Gernot & Stegemann, Ulrike, 2010. "A full participation agreement on global emission reduction through strategic investments in R & D," MPRA Paper 27188, University Library of Munich, Germany.
    10. Froyn, Camilla Bretteville & Hovi, Jon, 2008. "A climate agreement with full participation," Economics Letters, Elsevier, vol. 99(2), pages 317-319, May.
    11. Scott Barrett, 1999. "A Theory of Full International Cooperation," Journal of Theoretical Politics, , vol. 11(4), pages 519-541, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nyborg, Karine, 2018. "Reciprocal climate negotiators," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 707-725.
    2. Nyborg, Karine, 2014. "Reciprocal Climate Negotiators: Balancing Anger against Even More Anger," Memorandum 17/2014, Oslo University, Department of Economics.
    3. Jon Hovi & Hugh Ward & Frank Grundig, 2015. "Hope or Despair? Formal Models of Climate Cooperation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(4), pages 665-688, December.
    4. Günther, Michael & Hellmann, Tim, 2017. "International environmental agreements for local and global pollution," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 38-58.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kratzsch, Uwe & Sieg, Gernot & Stegemann, Ulrike, 2010. "A full participation agreement on global emission reduction through strategic investments in R & D," MPRA Paper 27188, University Library of Munich, Germany.
    2. Takashima, Nobuyuki, 2017. "International environmental agreements with ancillary benefits: Repeated games analysis," Economic Modelling, Elsevier, vol. 61(C), pages 312-320.
    3. Guillaume Cheikbossian, 2019. "Group cooperation against an incumbent," CEE-M Working Papers hal-02378829, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    4. Takashima, Nobuyuki, 2018. "International environmental agreements between asymmetric countries: A repeated game analysis," Japan and the World Economy, Elsevier, vol. 48(C), pages 38-44.
    5. Günther, Michael & Hellmann, Tim, 2017. "International environmental agreements for local and global pollution," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 38-58.
    6. Günther, Michael & Hellmann, Tim, 2015. "Local and Global Pollution and International Environmental Agreements in a Network Approach," Center for Mathematical Economics Working Papers 545, Center for Mathematical Economics, Bielefeld University.
    7. Jon Hovi & Hugh Ward & Frank Grundig, 2015. "Hope or Despair? Formal Models of Climate Cooperation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(4), pages 665-688, December.
    8. Guillaume Cheikbossian, 2021. "Group cooperation against a hegemon," Journal of Theoretical Politics, , vol. 33(1), pages 25-55, January.
    9. Leif Helland & Jon Hovi, 2008. "Renegotiation Proofness and Climate Agreements: Some Experimental Evidence," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 34, pages 1-2.
    10. Hans-Peter Weikard & Rob Dellink, 2014. "Sticks and carrots for the design of international climate agreements with renegotiations," Annals of Operations Research, Springer, vol. 220(1), pages 49-68, September.
    11. Harstad, Bård, 2016. "The market for conservation and other hostages," Journal of Economic Theory, Elsevier, vol. 166(C), pages 124-151.
    12. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
    13. Hsiao-Chi Chen & Shi-Miin Liu, 2017. "An Evolutionary Approach to International Environmental Agreements with Full Participation," RIEEM Discussion Paper Series 1702, Research Institute for Environmental Economics and Management, Waseda University.
    14. Asheim, Geir B. & Froyn, Camilla Bretteville & Hovi, Jon & Menz, Fredric C., 2006. "Regional versus global cooperation for climate control," Journal of Environmental Economics and Management, Elsevier, vol. 51(1), pages 93-109, January.
    15. Geir Asheim & Bjart Holtsmark, 2009. "Renegotiation-Proof Climate Agreements with Full Participation: Conditions for Pareto-Efficiency," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(4), pages 519-533, August.
    16. Mason, Charles F. & Polasky, Stephen & Tarui, Nori, 2017. "Cooperation on climate-change mitigation," European Economic Review, Elsevier, vol. 99(C), pages 43-55.
    17. Andries Hof & Michel Elzen & Detlef Vuuren, 2009. "Environmental effectiveness and economic consequences of fragmented versus universal regimes: what can we learn from model studies?," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 9(1), pages 39-62, February.
    18. Rögnvaldur Hannesson, 2010. "The coalition of the willing: Effect of country diversity in an environmental treaty game," The Review of International Organizations, Springer, vol. 5(4), pages 461-474, December.
    19. Soham Baksi & Amrita Ray Chaudhuri, 2016. "International Trade and Environmental Cooperation among Heterogeneous Countries," Departmental Working Papers 2016-03, The University of Winnipeg, Department of Economics.
    20. Froyn, Camilla Bretteville & Hovi, Jon, 2008. "A climate agreement with full participation," Economics Letters, Elsevier, vol. 99(2), pages 317-319, May.

    More about this item

    Keywords

    global warming; international agreement; weak renegotiation-proofness;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:tbswps:11. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/iwtbsde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwtbsde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.