Showing 1 - 10 of 54
This article provides a survey of dynamic models of international environmental agreements (IEAs). The focus is on environmental problems that are caused by a stock pollutant as are the cases of the acid rain and climate change. For this reason, the survey only reviews the literature that...
Persistent link: https://www.econbiz.de/10010548942
We consider the problem of how to distribute public expenditure among the different regions of an economic entity after all taxes have been collected. Typical examples are: the regions that make up a country, the states of a federal country, or the countries of a confederation of countries. We...
Persistent link: https://www.econbiz.de/10012694354
In this paper the scope of Bergstrom's (1982) results is studied. Moreover, his analysis is extended assuming that extraction cost is directly related to accumulated extractions. For the case of a competitive market it is found that the optimal policy is a constant tariff if extraction is...
Persistent link: https://www.econbiz.de/10011606959
We consider the problem of how to distribute public expenditure among the different regions of an economic entity after all taxes have been collected. Typical examples are: the regions that make up a country, the states of a federal country, or the countries of a confederation of countries. We...
Persistent link: https://www.econbiz.de/10014496062
We present a noncooperative bargaining protocol among n players, applied to the setting of cooperative games in coalitional form with transferable utility. In this model, players are chosen randomly to make proposals until one is accepted unanimously, and after each proposal rejection, the...
Persistent link: https://www.econbiz.de/10010548943
We propose two variations of the non-cooperative bargaining model for games in coalitional form, introduced by Hart and Mas-Colell (1996a). These strategic games implement, in the limit, two new NTU-values: The random marginal and the random removal values. The main characteristic of these...
Persistent link: https://www.econbiz.de/10005837322
A value for games with a coalition structure is introduced, where the rules guiding the cooperation among the members of the same coalition are different from the interaction rules among coalitions. In particular, players inside a coalition exhibit a greater degree of solidarity than they are...
Persistent link: https://www.econbiz.de/10008830116
Action-Set games are transferable utility games where the set of players is finite, every player has a finite set of actions, and the worth of the game is a function of the actions taken by the players. In this setting a rule has to determine individual payoffs at each combinations of actions....
Persistent link: https://www.econbiz.de/10005623235
The family of discounted Shapley values is analyzed for cooperative games in coalitional form. We consider the bargaining protocol of the alternating random proposer introduced in Hart and Mas-Colell (1996). We demostrate that the discounted Shapley values arise as the expected payoffs...
Persistent link: https://www.econbiz.de/10010784900
A new axiomatic characterization of the two-step Shapley value (Kamijo, 2009) is presented based on a solidarity principle of the members of any union: when the game changes due to the addition or deletion of players outside the union, all members of the union will share the same gains/losses.
Persistent link: https://www.econbiz.de/10008455642