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An international agreement with full participation to tackle the stock of greenhouse gases
Authors:Uwe KratzschGernot Sieg  Ulrike Stegemann
Affiliation:
  • TU Braunschweig, Institut für Volkswirtschaftslehre, Spielmannstr. 9, 38106 Braunschweig, Germany
  • 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.
    Keywords:Q54   F53   H41
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