Convention on climate change: economic aspects of negotiations
Organisation for Economic Co-operation and Development, 1992 - Business & Economics - 97 pages
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THE BARGAINING PROBLEM
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abate their emissions abatement levels abatement with trading acceptable achieved agree agreement analysis arbitration assumed Barrett base-year benefit of abatement capita allocation Cent Abatement CFCs Chapter cheat China climate change co-operation CO2 emissions cost of abatement country's credible deter free-riding developing countries dilemma game economic instruments effect emission levels emission reduction emissions per capita ex-USSR example former USSR fossil fuels Framework Convention free-rider problem full co-operative outcome global abatement global warming Convention global warming game greater abatement greenhouse gas greenhouse gas emissions Hence Japan level of abatement marginal abatement benefit marginal abatement cost marginal benefit marginal cost Montreal Protocol Nash equilibrium Nitrogen Oxides Protocol non-OECD countries nonsignatories number of countries OECD countries Pareto optimal percentage abatement pollute Preferred Choice proposal punishment reduce revenues Shapley Value simulation strategy Table targets three parties total abatement total net benefits transfers treaty Uniform Per Capita uniform per cent unit of GNP World Resources Institute