New Roads to International Environmental Agreements: The Case of Global Warming

44 Pages Posted: 22 Nov 2003

See all articles by Johan Eyckmans

Johan Eyckmans

Catholic University of Leuven (KUL) - Center for Economic Studies

Michael Finus

University of Stirling

Date Written: September 2003

Abstract

We analyze with an integrated assessment model of climate change the formation of international environmental agreements (IEAs) by applying the widely used concept of internal & external stability and several modifications of it. We relax the assumptions of a single agreement and open membership rule. It turns out that regional agreements are superior to a single agreement and exclusive is superior to open membership in welfare and ecological terms. Moreover, we show the importance of transfers for successful treaty-making. We relate our results to the design of current and past IEAs as well as to other issues of international policy coordination.

Keywords: Design of climate treaty protocol, Coalition formation, Non-cooperative game theory

JEL Classification: C68, C72, H41, Q25

Suggested Citation

Eyckmans, Johan and Finus, Michael, New Roads to International Environmental Agreements: The Case of Global Warming (September 2003). FEEM Working Paper No. 88.2003. Available at SSRN: https://ssrn.com/abstract=465180 or http://dx.doi.org/10.2139/ssrn.465180

Johan Eyckmans

Catholic University of Leuven (KUL) - Center for Economic Studies ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Michael Finus (Contact Author)

University of Stirling ( email )

Stirling, Scotland FK9 4LA
United Kingdom

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