International Environmental Agreements-The Role of Foresight

Effrosyni Diamantoudi () and Eftichios Sartzetakis ()
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Effrosyni Diamantoudi: Department of Economics, Concordia University

Discussion Paper Series from Department of Economics, University of Macedonia

Abstract: The present paper attempts to bridge the gap between the coop- erative and the non-cooperative approach employed to examine the size of stable coalitions, formed to address global environmental prob- lems. We do so by endowing countries with foresightedness, that is, by endogenizing the reaction of the coalition's members to a deviation by one member. We assume that when a country contemplates with- drawing or joining an agreement, it takes into account the reactions of other countries ignited by its own actions. We identify conditions under which there always exists a unique set of farsighted stable IEAs. The new farsighted IEAs can be much larger than those some of the previous models supported but are not always Pareto efficient.

Keywords: International; Environmental; Agreements. (search for similar items in EconPapers)
Date: 2015-12, Revised 2015-12
New Economics Papers: this item is included in nep-cdm, nep-ene, nep-env and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: International Environmental Agreements—The Role of Foresight (2018)
Working Paper: International environmental agreements - The role of foresight (2002)
Working Paper: International Environmental Agreements -The Role of Foresight
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