An international agreement with full participation to tackle the stock of greenhouse gases |
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Authors: | Uwe KratzschGernot Sieg Ulrike Stegemann |
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Affiliation: | TU Braunschweig, Institut für Volkswirtschaftslehre, Spielmannstr. 9, 38106 Braunschweig, Germany |
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Abstract: | Greenhouse gas emissions build up an atmospheric stock which depreciates over time. We identify weakly renegotiation-proof equilibria with full participation in a game of international emission reduction. Treaties are easier to reach for long-lived than for short-lived gases. |
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Keywords: | Q54 F53 H41 |
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