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- W2108294299 abstract "Recent contributions show that climate agreements with broad participation can be implemented as weakly renegotiation-proof equilibria in simple models of greenhouse gas abatement where each country has a binary choice between cooperating (i.e., abate emissions) or defecting (no abatement). Here we show that this result carries over to a model where countries have a continuum of emission choices. Indeed, a Pareto-efficient climate agreement can always be implemented as a weakly renegotiation-proof equilibrium, for a sufficiently high discount factor. This means that one need not trade-off a “narrow but deep” treaty with a “broad but shallow” treaty." @default.
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- W2108294299 date "2008-11-29" @default.
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- W2108294299 title "Renegotiation-Proof Climate Agreements with Full Participation: Conditions for Pareto-Efficiency" @default.
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- W2108294299 doi "https://doi.org/10.1007/s10640-008-9247-3" @default.
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