Stable International Environmental Agreements An Analytical Approach

P. Chander and H. Tulkens, The core of an economy with multilateral environmental externalities, International Journal of Game Theory, 1997, 26(3): 379-401. In this article, we study the formation of international environmental agreements (IEAs). We offer an analytical treatment of the main model used in the literature and provide a formal solution (which was not available until now) while clarifying some misunderstandings that exist in the literature. We find that the single stable IEA consists of two, three or four signatories, when the number of countries is greater or equal to 5. In addition, we show that the well-being of signatories to a stable IEA is very close to its lowest level relative to the well-being of signatories of other non-stable EIAs. Whereas in our model countries, the variable of choice is that of emissions, we extend our results in case the selection variable is the reduction effort. Mr. Hoel and K.

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ZHANG, J., WANG, S. – ZU, L. Stability of international environmental agreements in the leadership model. J Syst Sci Complex 21, 184-190 (2008). doi.org/10.1007/s11424-008-9102-1. . 1455 de Maisonneuve Blvd. W.Montreal, Quebec H3G 1MBCanada C. D`Aspremont, A. Jacquemin, J. J.

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A. (Ivie) in its series Working Papers, Series AD with number 2001-21. Journal of Systems Science and Complexity Volume 21, Pages184-190 (2008)Cite this article W. D. Nordhaus and Z. Yang, A regional dynamic general-equilibrium model of alternative climate-change strategies, American Economic Review, 1996, 86(4): 741-765. Department of Economics, McGill University, Montreal, Quebec, H3A 2T7, Canada . This is an overview of the content of the subscription, log in to check access.

. School of Management, Graduate University of Chinese Academy of Sciences, Beijing, 100080, China You can also subscribe after this author in PubMed Google Scholar Check out this free review for more articles on this topic.