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International environmental agreements on climate protection: A Binary choice model with heterogeneous agents

Buchholz, Wolfgang ; Peters, Wolfgang ; Ufert, Aneta



Abstract

Climate change poses a major challenge to present and future generations. Our analysis focuses on international environmental agreements (IEAs) entered into by countries that decide rationally and autonomously on whether to adopt a climate-friendly policy. This raises the question, how many and which countries will sign such an lEA? In addition to material incentives to combat climate change, ...

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