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Long-Term Climate Treaties with a Refunding Club
Authors:Gersbach  Hans  Hummel  Noemi  Winkler  Ralph
Institution:1.CER-ETH – Center of Economic Research, ETH Zurich and CEPR, Zürichbergstrasse 18, 8092, Zurich, Switzerland
;2.CER-ETH Center of Economic Research, ETH Zurich, Zürichbergstrasse 18, 8092, Zurich, Switzerland
;3.Department of Economics and Oeschger Centre for Climate Change Research, University of Bern, Schanzeneckstrasse 1, 3012, Bern, Switzerland
;
Abstract:Environmental and Resource Economics - We show that an appropriately-designed “Refunding Club” can simultaneously solve both free-riding problems in mitigating climate...
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