New Roads to International Environmental Agreements: The Case of Global Warming

Johan Eyckmans, Michael Finus
2003 Social Science Research Network  
We analyze with an integrated assessment model of climate change the formation of international environmental agreements (IEAs) by applying the widely used concept of inter-nal&external stability and several modifications of it. We relax the assumptions of a single agreement and open membership rule. It turns out that regional agreements are superior to a single agreement and exclusive is superior to open membership in welfare and ecological terms. Moreover, we show the importance of transfers
more » ... or successful treaty-making. We relate our results to the design of current and past IEAs as well as to other issues of international policy coordination. JEL-Classsification: C68, C72, H41, Q25
doi:10.2139/ssrn.465180 fatcat:qtvuib7yqrhi5cf6kiht7ttdvu