{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/110488"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/110488","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"Economic analysis of international climate cooperation","abstract":"\"I develop and estimate an integrated model of global climate and regional economies to study international cooperation on net-zero carbon emission among sixteen geographic regions. I find that achieving net-zero emission by mid-century reduces global social welfare loss by up to 35%, accounting for the emission reduction cost. However, I show that this international cooperation suffers the \"\"tragedy-of-commons\"\" problem due to the positive externality of emission reduction policies. I then combine theory and numerical simulations to study the effectiveness of trigger strategies and transfer payments in resolving this problem. The results presented here, however, suggest that they may not be sufficient to sustain global cooperation for achieving net-zero carbon emission by mid-century.\"","abstract_html":""I develop and estimate an integrated model of global climate and regional economies to study international cooperation on net-zero carbon emission among sixteen geographic regions. I find that achieving net-zero emission by mid-century reduces global social welfare loss by up to 35%, accounting for the emission reduction cost. However, I show that this international cooperation suffers the ""tragedy-of-commons"" problem due to the positive externality of emission reduction policies. I then combine theory and numerical simulations to study the effectiveness of trigger strategies and transfer payments in resolving this problem. The results presented here, however, suggest that they may not be sufficient to sustain global cooperation for achieving net-zero carbon emission by mid-century."","abstract_has_math":false,"creators":["Yang, Bei"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"Ph.D.","degree_level":"Dissertation","degree_discipline":"Economics","degree_department":null,"school":null,"contributors":["Williams, Steven","Singer, Clifford","Bernhardt, Mark Daniel","Krasa, Stefan","Lemus, Jorge"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2021,"date_issued":"2021-09-17T01:10:59Z","date_published":"2021-09-17T01:10:59Z","updated_at":"2026-07-22T22:24:50Z","subjects":["Climate change","Cooperation","Game theory"],"languages":["en"],"rights":["Copyright 2021 Bei Yang"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/2142/110488","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Williams, Steven","Singer, Clifford","Bernhardt, Mark Daniel","Krasa, Stefan","Lemus, Jorge"]},{"key":"dc:creator","label":"Author","values":["Yang, Bei"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2021-09-17T01:10:59Z","2021-04-19","2021-05"]},{"key":"dc:type","label":"Dc Type","values":["text","Thesis"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Economics"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Dissertation"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Ph.D."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Climate change","Cooperation","Game theory"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en"]},{"key":"dc:rights","label":"Dc Rights","values":["Copyright 2021 Bei Yang"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["http://hdl.handle.net/2142/110488"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["\"I develop and estimate an integrated model of global climate and regional economies to study international cooperation on net-zero carbon emission among sixteen geographic regions. I find that achieving net-zero emission by mid-century reduces global social welfare loss by up to 35%, accounting for the emission reduction cost. However, I show that this international cooperation suffers the \"\"tragedy-of-commons\"\" problem due to the positive externality of emission reduction policies. I then combine theory and numerical simulations to study the effectiveness of trigger strategies and transfer payments in resolving this problem. The results presented here, however, suggest that they may not be sufficient to sustain global cooperation for achieving net-zero carbon emission by mid-century.\"","Submission original under an indefinite embargo labeled 'Open Access'. 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I find that achieving net-zero emission by mid-century reduces global social welfare loss by up to 35%, accounting for the emission reduction cost. However, I show that this international cooperation suffers the \"\"tragedy-of-commons\"\" problem due to the positive externality of emission reduction policies. I then combine theory and numerical simulations to study the effectiveness of trigger strategies and transfer payments in resolving this problem. The results presented here, however, suggest that they may not be sufficient to sustain global cooperation for achieving net-zero carbon emission by mid-century.\"","Submission original under an indefinite embargo labeled 'Open Access'. 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