Modesty May Pay&excl

Michael Finus () and Stefan Maus

Journal of Public Economic Theory, 2008, vol. 10, issue 5, pages 801-826

Abstract: Most noncooperative game theoretic models of international environmental agreements (IEAs) draw a pessimistic picture of the prospective of successful cooperation. In this paper, we consider the possibility that countries agree on modest instead of ambitious abatement targets. It is shown that this can be an explanation for higher participation and more successful treaties. Thus, modesty may well pay, though the first-best optimum cannot be achieved. It is also demonstrated that our model extension makes it easier to relate the stylized model to actual negotiations. Copyright © 2008 Wiley Periodicals, Inc..

Date: 2008
View citations in EconPapers

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9779.2008.00387.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:jpbect:v:10:y:2008:i:5:p:801-826

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1097-3923

Access Statistics for this article

Journal of Public Economic Theory is edited by John P. Conley and Myrna Holtz Wooders

More articles in Journal of Public Economic Theory from Association for Public Economic Theory
Series data maintained by Christopher F. Baum ().