Can a Focus on Breakthrough Technologies Improve the Performance of International Environmental Agreements?
NBER Working Paper No. 15043
In a recent paper, Barrett (2006) reaches the conclusion that in general the answer to the question in the title is no. We show in this paper that a focus on the R&D phase in the development of breakthrough technologies changes the picture. The stability of international treaties improves and thus the possibility of realizing benefits of cooperation.
Published: Michael Hoel & Aart Zeeuw, 2010. "Can a Focus on Breakthrough Technologies Improve the Performance of International Environmental Agreements?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 47(3), pages 395-406, November.