SELF-ENFORCING INTERNATIONAL ENVIRONMENTAL AGREEMENTS

Effective management of international environmental resources requires cooperation, and in practice cooperation is usually codified in inter national environmental agreements (IEAs). The essential feature of IEA s is that they cannot be enforced by a third party. This paper explore s the properties of self-enforcing IEAs using two models. In one, the number of signatories, the terms of the agreement, and the actions of nonsignatories are determined jointly. In the other, the IEA is modell ed as an infinitely repeated game, but one which is renegotiation-proo f. Both models indicate that IEAs can do little to improve on the nonc ooperative outcome when the number of countries that share the resourc e is large.