Showing 1 - 10 of 44
School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University
Persistent link: https://www.econbiz.de/10010552188
global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency …, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance … environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance. …
Persistent link: https://www.econbiz.de/10005423122
This paper develops a formal model of exchange network stability that combines expected value theory (Friedkin 1995) with the economic literature on network dynamics. We identify stable networks up to size 8 for varying costs and investigate whether they are Pareto efficient and egalitarian....
Persistent link: https://www.econbiz.de/10005230832
agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …
Persistent link: https://www.econbiz.de/10009131101
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10005008015
The theory of international environmental agreements overwhelmingly assumes that governments engage as unitary agents. Each government makes choices based on benefits and costs that are simple national aggregates, and similarly on a single set of national-level motivations, together drawing a...
Persistent link: https://www.econbiz.de/10010904936
This article provides a non-technical overview of important results of the game theoretical literature on the formation and stability of international environmental agreements (IEAs) on transboundary pollution control. It starts out by sketching features of first and second best solutions to the...
Persistent link: https://www.econbiz.de/10005385371
The present stalemate in climate negotiations has led policy analysts and economists to explore the possible emergence of alternative climate regimes. This paper explores the idea of replacing international cooperation on greenhouse gas emission control with international cooperation on...
Persistent link: https://www.econbiz.de/10005385383
case, the quest for efficiency is claimed to be at the root of cooperation. Next, cooperation is considered from the point … efficiency and stability. A skeptical answer is offered, as a reply to Barrett’s (2003) attempt at giving the notion a specific …
Persistent link: https://www.econbiz.de/10005385392
This paper establishes sufficient conditions for the existence of a stable coalition structure in the ”coalition unanimity” game of coalition formation, first defined by Hart and Kurz (1983) and more recently studied by Yi (1997, 2000). Our conditions are defined on the strategic form game...
Persistent link: https://www.econbiz.de/10005385412