EDP - 1004 Efficient emissions reduction
نویسندگان
چکیده
We propose a simple mechanism capable of achieving international agreement on averting the threat of global warming. It employs a contest creating incentives among participating nations to exert both efficient productive efforts and efficient emissions reductive efforts. Participation in the scheme is voluntary and turns out to be individually rational if the alternative is no agreement at all. The scheme requires no principal or enforcing penalties. All rules are mutually agreeable and are unanimously adopted if proposed. (JEL C7, D7, H4, Q5.
منابع مشابه
1004 MITE-o144/ns r3
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