International Environmental Agreements with Endogenous or Exogenous Risk
نویسندگان
چکیده
منابع مشابه
Risk Aversion and International Environmental Agreements
We introduce uncertainty and risk aversion to the study of international environmental agreements. We consider a simple model with identical agents and linear payoffs. We show that a stable treaty with positive action always exists. While uncertainty lowers the action of signatories, we find that it may increase participation. In addition, uncertainty may generate multiple equilibria. A treaty ...
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ژورنال
عنوان ژورنال: Journal of the Association of Environmental and Resource Economists
سال: 2014
ISSN: 2333-5955,2333-5963
DOI: 10.1086/677940