IDEAS home Printed from https://ideas.repec.org/p/ces/ceswps/_11744.html
   My bibliography  Save this paper

Present Bias in Politics and Self-Committing Treaties

Author

Listed:
  • Bård Harstad
  • Anke Kessler
  • Anke S. Kessler

Abstract

We study how international environmental agreements can take advantage of domestic time-inconsistency problems. Policymakers often prefer future policies to be sustainable, but are tempted to invest less when being in office. We find the equilibrium number of signatory countries to be higher than when preferences are time consistent, especially when the political environment is unstable and polarized and the international spillovers are limited. This model also explains participation in treaties whose mandates do not vary with the coalition size and why the coalition will not unravel if, for example, the US exits the Paris Agreement.

Suggested Citation

  • Bård Harstad & Anke Kessler & Anke S. Kessler, 2025. "Present Bias in Politics and Self-Committing Treaties," CESifo Working Paper Series 11744, CESifo.
  • Handle: RePEc:ces:ceswps:_11744
    as

    Download full text from publisher

    File URL: https://www.cesifo.org/DocDL/cesifo1_wp11744.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    international treaties; time inconsistency; self-commitment; environmental policy;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_11744. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.