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
We use an extensive form, universal type space to provide the following epistemic characterisation of extensive form rationalisability. Say that player i strongly believes event E if i is certain of E conditional on each of her information sets consistent with E. Our main contribution is to show...
Persistent link: https://www.econbiz.de/10005423192
This paper examines characteristics of cooperative behavior in a repeated, n-person, continuous action generalization of a Prisoner’s Dilemma game. When time preferences are heterogeneous and bounded away from one, how “much” cooperation can be achieved by an ongoing group? How does group...
Persistent link: https://www.econbiz.de/10005423275
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