Adaptation and International Environmental Agreements

20 Pages Posted: 15 Jun 2016

See all articles by Nahid Masoudi

Nahid Masoudi

Memorial University of Newfoundland (MUN)

Georges Zaccour

HEC Montreal - Department of Decision Sciences

Date Written: June 13, 2015


We study the impact of collective effort in R&D in adaptation technologies, and also spillover effects on formation and size of stable international environmental agreements (IEAs). Our results suggest that it is possible to have more than one size of stable IEA. We can achieve a superior equilibrium, i.e., the grand coalition, if countries manage to keep knowledge spillovers low and arrange a minimum ratification threshold. This threshold is defined endogenously. We also shed light on the effects of two-sided spillover on global welfare and the size of stable IEAs.

Keywords: International environmental agreements, Adaptation technology, Minimum participation clause, Climate change, Knowledge spillover

JEL Classification: Q50, Q54, C72

Suggested Citation

Masoudi, Nahid and Zaccour, Georges, Adaptation and International Environmental Agreements (June 13, 2015). Available at SSRN: or

Nahid Masoudi (Contact Author)

Memorial University of Newfoundland (MUN) ( email )

Memorial University of Newfoundland
St. John's
St. John's,, Newfoundland and Labrador A1C 5S7

Georges Zaccour

HEC Montreal - Department of Decision Sciences ( email )

HEC Montreal
3000, Chemin de la Côte-Sainte-Catherine
Montreal, Quebec H2X 2L3 H3T 2A7

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