11 January 2022

A dynamic analysis of international environmental agreements under partial cooperation

Researchers Luca Colombo, Associate Professor at Deakin Business School, Paola Labrecciosaz, Associate Professor at Monash Business School and Ngo Van Long, Professor at McGill University, CIRANO Fellow and researcher are studying the dynamics of equilibrium membership of an international environmental agreement aimed at increasing the stock of a global public good such as climate change mitigation. In contrast with previous studies, they assume partial cooperation among signatories, and show that the coalition size can be large and increasing over time even when the initial coalition size is small.