Please use this identifier to cite or link to this item: https://ruomo.lib.uom.gr/handle/7000/710
Title: Stable International Environmental Agreements: An Analytical Approach
Authors: DIAMANTOUDI, EFFROSYNI
SARTZETAKIS, EFTICHIOS S.
Type: Article
Subjects: FRASCATI::Social sciences
Issue Date: 2006
Source: Journal of Public Economic Theory
Volume: 8
Issue: 2
First Page: 247
Last Page: 263
Abstract: In this paper we examine the formation of international environmental agreements (IEAs). We show that the welfare of the signatories does not increase monotonically with respect to the number of signatories. We provide an analytical solution of the leadership model. In particular, we find that if the number of countries is greater than four then there exists a unique stable IEA with either two, three, or four signatories. Furthermore, we show that the welfare of the signatories is almost at its lowest level when the IEA is stable. While in our model each country's choice variable is emissions, we extend our results to the case where the choice variable is abatement efforts.
URI: https://doi.org/10.1111/j.1467-9779.2006.00262.x
https://ruomo.lib.uom.gr/handle/7000/710
ISSN: 1097-3923
1467-9779
Other Identifiers: 10.1111/j.1467-9779.2006.00262.x
Appears in Collections:Department of Economics

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