English, Article, Journal or magazine article edition: Optimal Transfers and Participation Decisions in International Environmental Agreements Carlo Carraro; Johan Eyckmans; Michael Finus

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Bookmark: http://trove.nla.gov.au/version/203583
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Optimal Transfers and Participation Decisions in International Environmental Agreements
Author
  • Carlo Carraro
  • Johan Eyckmans
  • Michael Finus
Physical Description
  • preprint
Notes
  • The literature on international environmental agreements has recognized the role transfers play in encouraging participation in international environmental agreements (IEAs), but the few results achieved so far are overly specific and do not exploit the full potential of transfers for successful treaty-making. Therefore, in this paper, we develop a framework that enables us to study the role of transfers in a more systematic way. We propose a design for transfers using both internal and external financial resources and making “welfare optimal agreements” self-enforcing. To illustrate the relevance of our transfer scheme for actual treaty-making, we use a well-known integrated assessment model of climate change to show how appropriate transfers may be able to induce almost all countries into signing a self-enforcing climate treaty.
  • RePEc:fem:femwpa:2005.50
  • The literature on international environmental agreements has recognized the role transfers play in encouraging participation in international environmental agreements. However, the results achieved so far are overly specific. Therefore, we develop a more general framework that enables us to study the role of transfers in a systematic way. We propose transfers using both internal and external financial resources for making “welfare optimal agreements” self-enforcing. To illustrate the relevance of our transfer scheme, we use a stylized integrated assessment simulation model of climate change to show how appropriate transfers may induce almost all countries into signing a self-enforcing climate treaty.
  • Self-enforcing International Environmental Agreements, Climate Policy, Transfers
  • RePEc:ven:wpaper:2006_44
Language
  • English
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