Social norms and the effect of unilateral actions on climate change

Botao Qin and Thorsten Janus

Economics Bulletin, 2019, vol. 39, issue 1, 372-379

Abstract: We study the effect of a unilateral action on climate change when there is a social norm of emission abatement. We find a unilateral action can lead to emission abatement by the other country as well. We also find social welfare will increase if the leading country's marginal abatement cost is lower than the other country's.

Keywords: Climate change; Social norms; Unilateral action (search for similar items in EconPapers)
JEL-codes: C7 Q5 (search for similar items in EconPapers)
Date: 2019-02-18
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Citations: View citations in EconPapers (1)

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