Osmani, Dritan and Tol, Richard (2006): The case of two self-enforcing international agreements for environmental protection.
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Non-cooperative game theoretical models of self-enforcing international environmental agreements (IEAs) that employ the cartel stability concept of d'Aspremont et al. (1983) frequently use the assumption that countries can sign a single agreement only. We modify the assumption by considering two self-enforcing IEAs. Extending a model of Barrett (1994a) on a single self-enforcing IEA, we demonstrate that there are many similarities between one and two self-enforcing IEAs. But in the case of few countries and high environmental damage we show that two self-enforcing IEA work far better than one self-enforcing IEA in terms of both welfare and environmental equality
|Item Type:||MPRA Paper|
|Institution:||Max Planck Research School on Earth System Modelling (IMPRS-ESM), Research Unit Sustainability and Global Change (FNU), Hamburg University, and Centre for Marine and Atmospheric Science|
|Original Title:||The case of two self-enforcing international agreements for environmental protection|
|Keywords:||Keywords: self-enforcing international environmental agreements; non-cooperative game the- ory; stability; nonlinear optimization|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C61 - Optimization Techniques; Programming Models; Dynamic Analysis
H - Public Economics > H4 - Publicly Provided Goods > H41 - Public Goods
|Depositing User:||Dritan Osmani|
|Date Deposited:||26. Jul 2007|
|Last Modified:||19. Feb 2013 06:40|
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