A growing economic literature recognizes and deals with the fact that economic agents' utility and well-being is not solely determined by absolute achievements, but also by achievements relative to a reference standard or reference group. In this literature it is assumed that the reference...

This paper fills a gap in the current academic and policy literature concerning how parties to the United Nations Framework Convention on Climate Change find common ground when distributing commitments and responsibilities to curb climate change. Preferred principles for sharing the effort to...