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• W2162057064 abstract "Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate policy. Based on economic theory and empirical modeling, it finds that without sanctions against non-participants there are no stable coalitions other than those with minimal abatement. By contrast, a regime with small trade penalties on non-participants, a Climate Club, can induce a large stable coalition with high levels of abatement. (JEL Q54, Q58, K32, K33)" @default.
• W2162057064 created "2016-06-24" @default.
• W2162057064 creator A5040379196 @default.
• W2162057064 date "2015-04-01" @default.
• W2162057064 modified "2023-10-18" @default.
• W2162057064 title "Climate Clubs: Overcoming Free-riding in International Climate Policy" @default.
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• W2162057064 doi "https://doi.org/10.1257/aer.15000001" @default.
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