Article thumbnail

Management of Transnational Commons: Coordination, Publicness, and Treaty Formation

By Todd Sandler and Keith Sargent

Abstract

This paper focuses on the formation of treaties to manage transnational commons when efforts must be coordinated among a minimal-sized group so as to make cooperation worthwhile. By focusing on mixed-strategy equilibria, we are concerned with instances where the intentions of others are uncertain. The number of required participants, the pattern of payoffs, transaction costs, and the underlying technology of public supply aggregation are key factors behind the achievement of coordination. We apply our analysis to explain the outcome of negotiations on stratospheric ozone depletion, global warming, acid rain, and tropical deforestation.

OAI identifier:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.jstor.org/stable/pd... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.