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order to mitigate greenhouse gas emissions. Our analysis is based on a numerical general equilibrium model for a world … Southern economy. In a cooperative equilibrium, a technology transfer from the North to the South is clearly desirable from the … from the perspective of the North; at least if we allow for Southern abatement in the pre-transfer Nash equilibrium …
Persistent link: https://www.econbiz.de/10005230825
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned to agents. Individuals have preferences over the possible types of the agents from the opposite market side and initially know the “name” but not the ”type” of the other...
Persistent link: https://www.econbiz.de/10010904912
The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms’ strategic behaviours and sanctions to non-compliant firms. For this purpose, we study an evolutionary...
Persistent link: https://www.econbiz.de/10010904915
markets have linear demand functions and firms have convex quadratic cost functions. We show there exists a unique equilibrium … in any given network of firms and markets. We provide a formula which expresses the quantities at an equilibrium as a …
Persistent link: https://www.econbiz.de/10005008039
characterization of the Nash equilibrium outcomes and the Subgame Perfect equilibria. While the set of Nash equilibria outcomes contain …
Persistent link: https://www.econbiz.de/10005423104
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition’s payoff v(N), or if and only if it is irrational to split v(N). It then...
Persistent link: https://www.econbiz.de/10005423160
exists a unique equilibrium. But when the users have concave values, the network structure matters. The exploitation at each … source depends on the centrality of the links connecting the source to the users. The equilibrium is unique and we provide a … formula which expresses the quantities at an equilibrium as a function of a network centrality measure. Next we characterize …
Persistent link: https://www.econbiz.de/10005423231
this setting, we demonstrate the existence of an equilibrium where all agents use truncation strategies. Compared to … truthful reporting, in any equilibrium in truncation strategies, welfare diverges for men and women: women prefer the … truncation equilibrium, while men would prefer that participants truthfully report. In a general environment, we show that the …
Persistent link: https://www.econbiz.de/10010665514
of interaction between species, leading to an ecological equilibrium that is completely different from the one that would …
Persistent link: https://www.econbiz.de/10005570256
, pairwise-Nash and proper equilibrium networks coincide, where pairwise stable networks are robust to one-link deviations, while …
Persistent link: https://www.econbiz.de/10005570313