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We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous versus endogenous probabilities of regime shift. Prior...
Persistent link: https://www.econbiz.de/10009149170
Most of the literature on stability of International Environmental Agreements is essen- tially static and can therefore not identify changes in the size of the stable coalition in connection with changes in the stock of pollutants. This is a relevant issue because most global pollution problems...
Persistent link: https://www.econbiz.de/10009149187
We study the evolutionary success of a generalised trigger strategy within an asymmetric, n-player Prisoner's Dilemma environment, with application to the evolution of cooperation in international environmental negotiations. Our results suggest that there exist regions in the relevant parameter...
Persistent link: https://www.econbiz.de/10010826825