Activities per year
Abstract
We propose a simple mechanism capable of achieving international agreement on the reduction of harmful emissions to their efficient level. It employs a contest creating incentives among participating nations to simultaneously exert efficient productive and efficient abatement efforts. Participation in the most stylised formulation of the scheme is voluntary and individually rational. All rules are mutually agreeable and are unanimously adopted if proposed. The scheme balances its budget and requires no principal. The mechanism provides a benchmark result for the cost of the implementation of these desirable properties. In a more realistic setup which could potentially inform policy decisions, we discuss participation enforcement through punishment clauses, exclusive trade agreements and environmental standards and show that they are effectively discouraging free-riding.
Original language | English |
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Number of pages | 27 |
Publication status | Published - 2010 |
Publication series
Name | University of Manchester Discussion Paper Series |
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Publisher | University of Manchester |
Volume | EDP-1004 |
Keywords
- Climate policy
- Contests
- Efficiency
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Departmental seminar
Paul Schweinzer (Invited speaker)
10 Dec 2013Activity: Talk or presentation › Invited talk
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Departmental seminar
Schweinzer, P. (Invited speaker)
29 Oct 2013Activity: Talk or presentation › Invited talk
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CESifo Area Conference on Energy & Climate Economics
Paul Schweinzer (Speaker)
12 Oct 2013Activity: Participating in or organising an event › Conference participation