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- W2170867922 abstract "We consider the international treaties on climate change as self-enforcing agreements. Applying non-cooperative game theory, we interpret the UN framework Convention on Climate Change as a Nash equilibrium outcome of an international abatement game where only domestic abatement is allowed. The Kyoto Protocol is a Nash equilibrium outcome of the game where flexibility mechanisms are introduced. We also show that credit discounting on foreign abatement can Pareto improve the welfare of all countries." @default.
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- W2170867922 date "2003-04-23" @default.
- W2170867922 modified "2023-09-27" @default.
- W2170867922 title "Flexibility mechanisms and credit discounting" @default.
- W2170867922 doi "https://doi.org/10.1017/s1355770x0300135" @default.
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