North-South Climate Change Negotiations:a Sequential Game with Asymmetric Information

Abstract

This article determines the conditions under which theSouthern countries should act together, or separately, while negotiating with the North about climate change policy and about the conditions for future Southern engagement. The paper models the international negotiations with complete and with asymmetric information in a dynamic framework. Results show that, depending on their characteristics, the different players can obtain benefits delaying the moment of the agreement.Bargaining theory; Asymmetric information; Climate change;International cooperation.