Search engine for discovering works of Art, research articles, and books related to Art and Culture
ShareThis
Javascript must be enabled to continue!

A Weakly Renegotiation-Proof International Environmental Agreement with Altruism

View through CrossRef
This study provides a new framework for international environmental agreements (IEAs) with full participation if each country has altruistic preference, using a repeated game. We assume that each country has two types of altruism: impartial altruism, where each country cares about other countries’ net benefits from greenhouse gas abatement, and community altruism, where participation country concerns only to coalition partners. We show that a full participation with low degree of altruisms is feasible if considered in a repeated game framework with punishment scheme. Additionally, altruisms function as a complementary device of punishment scheme for IEA. Our main results show that altruism can facilitate full participation in IEA, suggesting that they should be considered in climate change negotiations.
Title: A Weakly Renegotiation-Proof International Environmental Agreement with Altruism
Description:
This study provides a new framework for international environmental agreements (IEAs) with full participation if each country has altruistic preference, using a repeated game.
We assume that each country has two types of altruism: impartial altruism, where each country cares about other countries’ net benefits from greenhouse gas abatement, and community altruism, where participation country concerns only to coalition partners.
We show that a full participation with low degree of altruisms is feasible if considered in a repeated game framework with punishment scheme.
Additionally, altruisms function as a complementary device of punishment scheme for IEA.
Our main results show that altruism can facilitate full participation in IEA, suggesting that they should be considered in climate change negotiations.

Related Results

Exploring Large Language Models Integration in the Histopathologic Diagnosis of Skin Diseases: A Comparative Study
Exploring Large Language Models Integration in the Histopathologic Diagnosis of Skin Diseases: A Comparative Study
Abstract Introduction The exact manner in which large language models (LLMs) will be integrated into pathology is not yet fully comprehended. This study examines the accuracy, bene...
Bank Loan Contract Design Through Learning and Renegotiating
Bank Loan Contract Design Through Learning and Renegotiating
We develop a model of dynamic debt based on a learning framework. Most of the literature on dynamic debt contracts focuses on information asymmetry as the determinant of renegotiat...
Kin Selection
Kin Selection
According to Hamilton’s kin selection theory (also known as “inclusive fitness” theory), kin selection is the process by which social evolution occurs in nature. The theory extends...
Debt renegotiation with incomplete contract
Debt renegotiation with incomplete contract
A debt contract usually does not include a provision about renegotiation. The right to seize the borrower’s asset and the rules of this process are usually stipulated in the contra...
Heterogeneous bequests and social inequalities
Heterogeneous bequests and social inequalities
Abstract We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path of consumption, bequests...
Relationship between Altruism, Compassion Fatigue and Psychological Wellbeing among Psychologists: Moderating Role of Resilience
Relationship between Altruism, Compassion Fatigue and Psychological Wellbeing among Psychologists: Moderating Role of Resilience
Altruism, the act of selflessly doing well for others, is widely encouraged, praised and appreciated by each aspect or sector of society, from religion to institutions. However its...

Back to Top