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This paper develops a coherent theory of international cooperation relying on the twin assumptions of individual and collective rationality. Using a linear version of the N-player prisoners' dilemma game, I provide a formal proof of Olson's conjecture that only a "small" number of countries can...
Persistent link: https://www.econbiz.de/10014215632
The essential problem with the Kyoto approach is that it provides poor incentives for participation and compliance. The minimum participation clause is set at such a low level that the agreement can enter into force while limiting the emissions of less than a third of the global total. The...
Persistent link: https://www.econbiz.de/10014113676
Scientific and economic consensus increasingly points to the need for a credible and cost-effective approach to address the threat of global climate change, but the Kyoto Protocol to the U.N. Framework Convention on Climate Change appears incapable of inducing significant participation and...
Persistent link: https://www.econbiz.de/10014102409
This paper explains why the approach taken so far to mitigate global climate change has failed. The central reason is an inability to enforce targets and timetables. Current proposals recommending even stricter emission limits will not help unless they are able to address the enforcement...
Persistent link: https://www.econbiz.de/10013068878
This paper explains why the approach taken so far to mitigate global climate change has failed. The central reason is an inability to enforce targets and timetables. Current proposals recommending even stricter emission limits will not help unless they are able to address the enforcement...
Persistent link: https://www.econbiz.de/10013068888
I model the ocean as an array of lines set within a two-dimensional frame, and show how the Exclusive Economic Zone emerged as an equilibrium in customary international law. I find that custom codifies the efficient Nash equilibrium of enclosure for nearshore fisheries. For highly migratory and...
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