{"title":"Transfers in climate action teams","authors":"Suzi Kerr, Steffen Lippert, Edmund Y. Lou","doi":"10.1007/s00199-024-01600-w","DOIUrl":null,"url":null,"abstract":"<p>Resource transfers are integral parts of climate negotiations as they affect incentives to participate in climate agreements. Whether to use transfers contingent on observing low emissions or on investment in green compliance technology is an open question. Using a repeated-game model with investment in green technology and resource transfers, we find that, because investments take time to fully affect emission incentives, there is a tradeoff. Investment-based agreements, where transfers are provided before emissions are realized but after investments have been undertaken, maximize the scope of cooperation. Emissions-based agreements, however, minimize the size of transfers whenever they foster cooperation.</p>","PeriodicalId":47982,"journal":{"name":"Economic Theory","volume":null,"pages":null},"PeriodicalIF":1.2000,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s00199-024-01600-w","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Resource transfers are integral parts of climate negotiations as they affect incentives to participate in climate agreements. Whether to use transfers contingent on observing low emissions or on investment in green compliance technology is an open question. Using a repeated-game model with investment in green technology and resource transfers, we find that, because investments take time to fully affect emission incentives, there is a tradeoff. Investment-based agreements, where transfers are provided before emissions are realized but after investments have been undertaken, maximize the scope of cooperation. Emissions-based agreements, however, minimize the size of transfers whenever they foster cooperation.
期刊介绍：
The purpose of Economic Theory is to provide an outlet for research - in all areas of economics based on rigorous theoretical reasoning, and
- on specific topics in mathematics which is motivated by the analysis of economic problems. Economic Theory''s scope encompasses - but is not limited to - the following fields. - classical and modern equilibrium theory
- cooperative and non-cooperative game theory
- macroeconomics
- social choice and welfare
- uncertainty and information, intertemporal economics (including dynamical systems)
- public economics
- international and developmental economics
- financial economics, money and banking
- industrial organization Economic Theory also publishes surveys if they clearly picture the basic ideas at work in some areas, the essential technical apparatus which is used and the central questions which remain open. The development of a productive dialectic between stylized facts and abstract formulations requires that economic relevance be at the forefront. Thus, correct, and innovative, mathematical analysis is not enough; it must be motivated by - and contribute to - the understanding of substantive economic problems.
Officially cited as: Econ Theory
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