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Botao Qin and Thorsten Janus
''Social norms and the effect of unilateral actions on climate change''
( 2019, Vol. 39 No.1 )
We study the effect of a unilateral action on climate change when there is a social norm of emission abatement. We find a unilateral action can lead to emission abatement by the other country as well. We also find social welfare will increase if the leading country's marginal abatement cost is lower than the other country's.
Keywords: Climate change, Social norms, Unilateral action
JEL: Q5 - Environmental Economics: General
Manuscript Received : Jun 06 2018 Manuscript Accepted : Feb 18 2019

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