English, Article edition: Flexibility mechanisms and credit discounting Shin, Sungwhee; Suh, Sang-Chul

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Bookmark: http://trove.nla.gov.au/version/179943
Physical Description
  • article
Language
  • English

Edition details

Title
  • Flexibility mechanisms and credit discounting
Author
  • Shin, Sungwhee
  • Suh, Sang-Chul
Physical Description
  • article
Notes
  • We consider the international treaties on climate change as self-enforcing agreements. Applying non-cooperative game theory, we interpret the UN framework Convention on Climate Change as a Nash equilibrium outcome of an international abatement game where only domestic abatement is allowed. The Kyoto Protocol is a Nash equilibrium outcome of the game where flexibility mechanisms are introduced. We also show that credit discounting on foreign abatement can Pareto improve the welfare of all countries.
  • RePEc:cup:endeec:v:8:y:2003:i:02:p:247-260_00
Language
  • English
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