TY - JOUR
T1 - Optimal transfers and participation decisions in international environmental agreements
AU - Carraro, Carlo
AU - Eyckmans, Johan
AU - Finus, Michael
PY - 2006/12
Y1 - 2006/12
N2 - The literature on international environmental agreements has recognized the role transfers play in encouraging participation in international environmental agreements. However, the results achieved so far are overly specific. Therefore, we develop a more general framework that enables us to study the role of transfers in a systematic way. We propose transfers using both internal and external financial resources for making "welfare optimal agreements" self-enforcing. To illustrate the relevance of our transfer scheme, we use a stylized integrated assessment simulation model of climate change to show how appropriate transfers may induce almost all countries into signing a self-enforcing climate treaty.
AB - The literature on international environmental agreements has recognized the role transfers play in encouraging participation in international environmental agreements. However, the results achieved so far are overly specific. Therefore, we develop a more general framework that enables us to study the role of transfers in a systematic way. We propose transfers using both internal and external financial resources for making "welfare optimal agreements" self-enforcing. To illustrate the relevance of our transfer scheme, we use a stylized integrated assessment simulation model of climate change to show how appropriate transfers may induce almost all countries into signing a self-enforcing climate treaty.
UR - http://dx.doi.org/10.1007/s11558-006-0162-5
U2 - 10.1007/s11558-006-0162-5
DO - 10.1007/s11558-006-0162-5
M3 - Article
SN - 1559-7431
VL - 1
SP - 379
EP - 396
JO - Review of International Organizations
JF - Review of International Organizations
IS - 4
ER -
