Please use this identifier to cite or link to this item:
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.
ISSN: 1097-3923
Other Identifiers: 10.1111/j.1467-9779.2006.00262.x
Appears in Collections:Department of Economics

Files in This Item:
File Description SizeFormat 
IEAs(DS).pdf278,64 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.