Can a Focus on Breakthrough Technologies Improve the Performance of International Environmental Agreements?
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In a recent paper, Barrett (Am Econ Rev 96(2):22–25, 2006) reaches the conclusion that in general the answer to the question in the title is no, except for a special case in which technology adoption involves increasing returns (network externalities). We show in this paper that a focus on the R&D phase in the development of breakthrough technologies can also increase the possibilities for cooperation.
KeywordsInternational environmental agreements Breakthrough technology
JEL ClassificationQ28 C72 F42
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