International Treaties on Global Pollution: a Dynamic Time-path Analysis
نویسنده
چکیده
In this paper we show that the formation of coalitions by subsets of countries might diminish the likelihood of a successful worldwide treaty on global pollution. Non-member countries may be less willing to sign a world-wide treaty than they would be in the absence of such coalitions. In fact, the coalition formation may raise the reservation utility of non-member countries above the world-wide treaty level and thus take away their incentives to sign it.
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