Kratzsch, Uwe; Sieg, Gernot; Stegemann, Ulrike - 2011
This paper analyzes greenhouse gas emissions that build up an atmospheric stock which depreciates over time. Weakly … renegotiation- proof and subgame perfect equilibria in a game of international emission reduction exist if countries put a … integrity of the number of punishing countries. Treaties are easier to reach if the gas depreciates slowly. -- global warming …