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A Self-enforcing International Environmental Agreement on Matching Rates: Can It Bring About an Efficient and Equitable Outcome?

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  • Fujita, Toshiyuki

Abstract

We incorporate matching schemes into a model of transboundary environmental agreements and investigate their effectiveness using three-stage game models. In the first stage, each country decides whether to accede to the agreement. In the second stage, the signatories collectively choose a common matching rate. Finally, in the third stage, each signatory and non-signatory determines its unconditional flat abatement noncooperatively, taking the value of the matching rate as given. An additional abatement is imposed upon each signatory, which is obtained by multiplying the total of all the other countries' flat abatements by the matching rate. The analysis of a matching agreement game with symmetric countries as players suggests the existence of a self-enforcing agreement leading to an efficient and equitable outcome, which shows that matching schemes are effective.

Suggested Citation

  • Fujita, Toshiyuki, 2013. "A Self-enforcing International Environmental Agreement on Matching Rates: Can It Bring About an Efficient and Equitable Outcome?," Strategic Behavior and the Environment, now publishers, vol. 3(4), pages 329-345, August.
    • Handle: RePEc:now:jnlsbe:102.00000033
    DOI: 10.1561/102.00000033
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    Cited by:

    1. Molina, Chai & Akcay, Erol & Dieckmann, Ulf & Levin, Simon & Rovenskaya, Elena A., 2018. "Combating climate change with matching-commitment agreements," SocArXiv 7yc3g, Center for Open Science.
    2. Takashima, Nobuyuki, 2018. "International environmental agreements between asymmetric countries: A repeated game analysis," Japan and the World Economy, Elsevier, vol. 48(C), pages 38-44.

    More about this item

    Keywords

    Transboundary pollution; International environmental agreements; Matching agreement; Game theory; Self-enforcement;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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