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Measures to Enhance the Success of Global Climate Treaties (2004)
| Citations: | 8 - 1 self |
BibTeX
@MISC{Eyckmans04measuresto,
author = {Johan Eyckmans and Michael Finus},
title = {Measures to Enhance the Success of Global Climate Treaties },
year = {2004}
}
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Abstract
We analyze important forces that hamper the formation of successful self-enforcing agreements to mitigate global warming. The analysis combines two modules: a) an integrated assessment model that captures the feedback between the economy, environmental damages and the climate system and b) a game theoretic model that determines stable coalitions in the presence of free-riding incentives. We consider two types of measures to enhance the success of international environmental treaty-making: a) transfers, aiming at balancing asymmetric gains from cooperation; b) institutional changes, aiming at making it more difficult to upset stability of a treaty. We find that institutional changes may be as important as transfers and should therefore receive more attention in future international negotiations.
Keyphrases
global climate treaty second draft institutional change climate system important force free-riding incentive assessment model international environmental treaty-making global warming analysis combine future international negotiation asymmetric gain environmental damage game theoretic model stable coalition successful self-enforcing agreement
