December 19, 2010

International Environmental Agreements: Theory Meets Experimental Evidence

by Nicholas E. Burger and Charles D. Kolstad

- This paper begins with the standard theoretical model of an International Environmantal Agreement and then proceeds to develop parallel laboratory experiments to test the theoretical predictions. One of the key results to emerge from this paper is that the main theoretical result -voluntary agreements tend to fail when they are most beneficial- is contradicted by experimental evidence.

Burger, N.E. and C.D. Kolstad (2010). "International Environmental Agreements: Theory Meets Experimental Evidence." University of California at Santa Barbara, mimeo, Sept 2010.