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Effectiveness of Trade Sanctions as an Enforcement Mechanism in Greenhouse Gas Mitigation Agreements in Agriculture and Forestry AgEcon
Irfanoglu, Zeynep Burcu; Sesmero, Juan P..
This study explores the conditions under which a trade sanction can be an effective enforcement mechanism used by the US against China in global greenhouse (GHG) mitigation in agriculture and forestry. The problem has the structure of prisoner’s dilemma and hence both the US and China have incentive to free-ride in GHG emissions abatement. It is found that if the US joined the rest of the world (ROW) in emissions abatement in agriculture and forestry, the US could also convince China to comply with abatement using trade sanctions. In this study, trade sanctions are considered as a deterrent to free-riding. For threats of trade sanctions to become a viable enforcement mechanism tariff rates have to achieve two conditions defined in this study: credibility...
Tipo: Conference Paper or Presentation Palavras-chave: Trade Sanctions; Greenhouse Gas Mitigation; Multilateral Environment Agreements; Computable General Equilibrium Model; Environmental Economics and Policy; International Relations/Trade; Land Economics/Use.
Ano: 2011 URL: http://purl.umn.edu/103869
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