Arbeitspapier
Modesty Pays: Sometimes!
Standard non-cooperative game theoretical models of international environmental agreements (IEAs) draw a pessimistic picture of the prospective of successful cooperation: only small coalitions are stable that achieve only little. However, there also exist IEAs with higher participation and more success. In order to explain this phenomenon, this paper departs from the standard assumption of joint welfare maximization of coalition members, implying ambitious abatement targets and strong free-riding. Instead, it considers that countries agree on modest emission reduction targets. This may sufficiently raise participation so that the success of treaties improves in terms of global emission reduction and global welfare. Thus, modesty may pay, though the first best optimum cannot be achieved.
- Language
-
Englisch
- Bibliographic citation
-
Series: Nota di Lavoro ; No. 68.2004
- Classification
-
Wirtschaft
Noncooperative Games
Public Goods
Renewable Resources and Conservation: General
- Subject
-
International environmental agreements
Internal&external stability
Modest emission reduction
Umweltabkommen
Umweltstandard
Koalition
Theorie
Nichtkooperatives Spiel
- Event
-
Geistige Schöpfung
- (who)
-
Finus, Michael
- Event
-
Veröffentlichung
- (who)
-
Fondazione Eni Enrico Mattei (FEEM)
- (where)
-
Milano
- (when)
-
2004
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Finus, Michael
- Fondazione Eni Enrico Mattei (FEEM)
Time of origin
- 2004
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