SMU SOE Seminar (Feb 28, 2020): International Climate Agreements and the Scream of Greta

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ABSTRACT The world is in immediate peril, as countries are not doing enough to keep Earth's temperature from rising to near-catastrophic levels, and various attempts at international cooperation have failed. Why is this problem so intractable? Can we expect an 11th-hour solution to the problem? Will some of the countries, or even all, succumb on the equilibrium path? We address these questions through a formal model that emphasizes the role of two major issues: the intra-temporal externalities that a country's policies exert on other countries, and the inter-temporal externalities that the current generation's policies exert on future generations. We examine the interaction between these two issues and the extent to which international agreements can mitigate the problem. Click here to view the CV.
		PRESENTER Giovanni Maggi Yale University
		RESEARCH FIELDS International Trade International Political Economy Contracts and Institutions
		DATE: 28 February 2020 (Friday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903