Journal of Environmental Economics and Management
In this paper, global warming is an asymmetric transboundary externality which benefits some countries or regions and harms others. We use a simple two-country model to analyze the effects of global warming on resource allocations, the global-warming stock, and national and global welfare.
Caplan, Arthur J.; Ellis, Christopher J.; and Silva, Emilson C. D., "Winners and Losers in a World with Global Warming: Noncooperation, Altruism, and Social Welfare" (1999). Applied Economics Faculty Publications. Paper 1246.