Chatterji, Shurojit; Ghosal, Sayantan - In: CESifo economic studies : CESifo, a joint initiative of … 55 (2009) 2, pp. 286-305
In this article, we argue that weak property rights over transnational pollution and the limited threat of retaliatory punishments blunts the effectiveness of a broad-based multilateral agreement to deliver the emission reductions required to mitigate climate change. Instead, we propose a policy...