NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Yuezhou Cai

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Working Papers

February 2009International Trade and the Negotiability of Global Climate Change Agreements
with Raymond Riezman, John Whalley: w14711
Country incentives to participate in cooperative arrangements which either fully or partially internalize climate change externalities from carbon emissions involve critical asymmetries. Small countries trade off own country costs of carbon mitigation actions against their own benefits from global improvements in climate which benefit all. Small countries thus have limited incentive to participate as their actions, while costly to them, have a significant impact on global temperature change which mainly benefits others. Here we build on the work of Shapley and Shubik (1969) which suggests that the core of a global warming game without transferable utility may be empty and use numerical simulation methods to analyse country incentives to participate in carbon emission limitation negotiation...

Published: Economic Modelling Volume 33, July 2013, Pages 421–427 Cover image International trade and the negotiability of global climate change agreements ☆ Yuezhou Caia, Raymond Riezmanb, c, John Whalleyd, e citation courtesy of

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