The CO2 Abatement Game: Costs, Incentives and the Stability of a Sub-Global Coalition

Mustafa Babiker
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Mustafa Babiker: University of Colorado at Boulder

Computational Economics from University Library of Munich, Germany

Abstract: This paper studies the economic incentives and the institutional issues governing the outcomes of a short-term climate change policy package guided by the United Nations' Framework Convention on Climate Change and the Berlin Mandate initiatives. Game theoretic tools and the global trade-environment interface are explored within a 26-region, 13- commodity computable general equilibrium framework to characterize the incentives of OECD regions to comply with a non-binding agreement in a carbon abatement coalition. The results have shown that the achievement of such a coalition as well as its expansion by means of self-financed schemes are possible if suitable trade instruments are designed.

Keywords: CGE; Abatement; CO2; coalition; subgame; connected-game (search for similar items in EconPapers)
JEL-codes: C8 (search for similar items in EconPapers)
Pages: 55 pages
Date: 1998-07-26
New Economics Papers: this item is included in nep-cdm, nep-env, nep-pbe, nep-pol and nep-pub
Note: Type of Document - pdf; prepared on IBM PC - PC-TEX/UNIX Sparc TeX; to print on HP/PostScript/Franciscan monk; pages: 55 ; figures: included. This work has one the Society of Computational Economics' contest for graduate student paper 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpco:9807002

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