Participation and duration of environmental agreements
Author(s): Battaglini, Marco; Harstad, B
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Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Battaglini, Marco | - |
dc.contributor.author | Harstad, B | - |
dc.date.accessioned | 2019-10-29T14:37:04Z | - |
dc.date.available | 2019-10-29T14:37:04Z | - |
dc.date.issued | 2016-02 | en_US |
dc.identifier.citation | Battaglini, M, Harstad, B. (2016). Participation and duration of environmental agreements. Journal of Political Economy, 124 (1), 160 - 204. doi:10.1086/684478 | en_US |
dc.identifier.issn | 0022-3808 | - |
dc.identifier.uri | http://arks.princeton.edu/ark:/88435/pr14f2v | - |
dc.description.abstract | © 2016 by The University of Chicago. All rights reserved. We analyze participation in international environmental agreements in a dynamic game in which countries pollute and invest in green technologies. If complete contracts are feasible, participants eliminate the holdup problem associated with their investments; however, most countries prefer to free ride rather than participate. If investments are non contractible, countries face a hold up problem every time they negotiate; but the free-rider problem can be mitigated and significant participation is feasible. Participation becomes attractive because only large coalitions commit to long-term agreements that circumvent the holdup problem. Under well-specified conditions even the first-best outcome is possible when the contract is incomplete. | en_US |
dc.format.extent | 160 - 204 | en_US |
dc.language.iso | en | en_US |
dc.relation.ispartof | Journal of Political Economy | en_US |
dc.rights | Final published version. Article is made available in OAR by the publisher's permission or policy. | en_US |
dc.title | Participation and duration of environmental agreements | en_US |
dc.type | Journal Article | en_US |
dc.identifier.doi | doi:10.1086/684478 | - |
dc.identifier.eissn | 1537-534X | - |
pu.type.symplectic | http://www.symplectic.co.uk/publications/atom-terms/1.0/journal-article | en_US |
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JPE w Harstad.pdf | 710.72 kB | Adobe PDF | View/Download |
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