Kratzsch, Uwe and Sieg, Gernot and Stegemann, Ulrike (2010): A full participation agreement on global emission reduction through strategic investments in R & D.
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If an emission reduction agreement with participation of all players is not enforceable because politicians are too myopic or not able to commit themselves to sustainable policies or costs of reducing emis- sions are too high, strategic investments in research and development (R&D) of green technology, for example sustainable drive-trains, can pave the way for a future treaty. Although no player will rationally reduce emissions on its own, investments in R&D by at least one player can change the strategic situation of negotiations to control emissions: Emission abatement costs will decrease so that a treaty with full par- ticipation can be achieved in future periods through time consistent sustainable policies.
|Item Type:||MPRA Paper|
|Original Title:||A full participation agreement on global emission reduction through strategic investments in R & D.|
|Keywords:||emissions; discount factor; commitment; endogenous technical change; repeated prisoner’s dilemma|
|Subjects:||O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O30 - General
H - Public Economics > H4 - Publicly Provided Goods > H41 - Public Goods
F - International Economics > F5 - International Relations and International Political Economy > F53 - International Agreements and Observance; International Organizations
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters; Global Warming
|Depositing User:||Gernot Sieg|
|Date Deposited:||03. Dec 2010 20:43|
|Last Modified:||16. Feb 2013 06:39|
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