This paper proposes a dynamic game model of the process through which countries join international environmental agreements (IEAs). The model assumes that both the number of signatory countries and the stock of accumulated pollution evolve over time, as a result of countries’ emission and membership decisions. The evolution of the number of signatory countries is described by a discrete-time re...

How does growth heterogeneity affect countries’ incentives to enter an international environmental agreement (IEA)? We address this issue in a twocountry model of endogenous growth. Two countries differ in their initial capital stocks, emulating a more developed country and a less developed one. Each country’s setup takes after that of Stokey (1998) but pollution is transboundary. Absent an IEA...

Science in 2008 to advance public and private action on climate change through innovative, rigorous research. The Centre is funded by the UK Economic and Social Research Council and has five inter-linked research programmes: 1. Developing climate science and economics 2. Climate change governance for a new global deal 3. Adaptation to climate change and human development 4. Governments, markets...

In Section B we discussed a range of reasons why nations may share an interest in cooperating with one another in trade matters. In this section we extend the analysis to examine fundamental issues of treaty design, focusing on two main questions. First, what are the core rules that any good trade agreement must contain so as to reap the envisaged benefits from cooperation? Second, how does the...