Kratzsch, Uwe and Sieg, Gernot and Stegemann, Ulrike (2011): An international agreement with full participation to tackle the stock of greenhouse gases.
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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.
|Item Type:||MPRA Paper|
|Original Title:||An international agreement with full participation to tackle the stock of greenhouse gases|
|Keywords:||global warming; international agreement; weak renegotiation-proofness|
|Subjects:||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:||04. Jul 2011 18:06|
|Last Modified:||21. Feb 2013 05:07|
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