New Roads to International Environmental Agreements: The Case of Global Warming

Johan Eyckmans () and Michael Finus ()

Energy, Transport and Environment Working Papers Series from KU Leuven, Department of Economics - Research Group Energy, Transport and Environment

Abstract: We analyze with an integrated assessment model of climate change the formation of international environmental agreements (IEAs) by applying the widely used concept of internal& external stability and several modifications of it. We relax the assumptions of a single agreement and open membership rule. It turns out that regional agreements are superior to a single agreement and exclusive is superior to open membership in welfare and ecological terms. Moreover, we show the importance of transfers for successful treaty-making. We relate our results to the design of current and past IEAs as well as to other issues of international policy coordination.

Keywords: design of climate treaty protocol; coalition formation; non-cooperative game theory (search for similar items in EconPapers)
JEL-codes: C68 C72 H41 Q25 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2003-12
New Economics Papers: this item is included in nep-env and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: New roads to international environmental agreements: the case of global warming (2006)
Working Paper: New Roads to International Environmental Agreements: The Case of Global Warming (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ete:etewps:ete0318

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