A simple dynamic climate cooperation model

• Published in: Journal of public economics Vol. 194; p. 104329
• Main Authors: Kováč, Eugen, Schmidt, Robert C.
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.02.2021
• Subjects: Climate treaty; Coalition; Coordination; Delay; Dynamic game; D62; Q54; Climate treaty; Coordination; F53; Dynamic game; Coalition; H23; Delay

•We study dynamic coalition formation, applied to climate cooperation.•Our model allows for multiple rounds of negotiations.•Countries join the coalition and sign an agreement to prevent inefficient delay.•We are able to explain the formation of large coalitions in equilibrium. We introduce a novel...