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Climate Policy Negotiations with Incomplete Information

Bibliographic Data

ID9723307
AuthorsKai A Konrad (0000-0002-2225-2271, Max Planck Institute Munich), Marcel Thum (0000-0002-5071-7849, Technical University Dresden)
Year2014
Volume81
Issue322
Pages244-256
Publication date2014-04-01
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ecca.12065
OpenAlexW2144972715
LanguageEN
Citations received6
References cited28

We analyse bargaining over international climate agreements in a setting with incomplete information about abatement costs. Incomplete information is known as one of the key reasons why negotiations may fail more generally, and why efficiency gains cannot be exploited. We ask whether unilateral commitment to high abatement reduces or increases the likelihood for an efficient negotiation outcome. We find that such commitment behaviour reduces the gains from global cooperation and that, in turn, this reduces the probability of reaching efficient international environmental agreements

Ask price · Bargaining problem · Business · Climate change · Climate policy · Complete information · Computer security · Economics · Key (lock) · Microeconomics · Negotiation · Outcome (game theory) · Political science · Public economics · Climate Change Policy and Economics · Computer Science · Economic Policies and Impacts · Finance · Fiscal Policy and Economic Growth · Law

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Citations per year0.5
Citation span2014 - 2026 (13)
Highly citedNo

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