Showing 1 - 10 of 141
by each possible coalition of players—here, the countries) must also reflect in each case the behavior of the players … which are not members of the coalition. This has been for a long time a disputed issue in the theory of the core of … desired property of nondomination by any proper coalition of countries, given the assumed behavior of the other countries …
Persistent link: https://www.econbiz.de/10005042783
Allocations of tradable greenhouse gases (GHG) emission quotas among countries may take place according to several sharing rules corresponding to a certain perception of equity. For instance, allocating quotas in direct proportion to population, in inverse relation to GDP or according to past...
Persistent link: https://www.econbiz.de/10005042868
We combine the newest concepts o non-cooperative coalition theory with a computable general equilibrium model close to … the seminal RICE-model of Nordhaus and Yang (1996) to determine stable coalition structures in a global warming game. We … consider three coalition games that allow for the formation of multiple coalitions. The coalition games represent different …
Persistent link: https://www.econbiz.de/10005043184
The paper considers a model of a federation with two heterogeneous regions that try to attract the capital by competing in capital income taxes and public investment that enhance the productivity of capital. The regions' choices determine the allocation of capital across the regions and their...
Persistent link: https://www.econbiz.de/10005008213
Revenue sharing can be used to discourage low tax regions from competing for capital and firms with high tax regions. However, with heterogeneous regions, revenue sharing involves net transfers across regions and creates a 'moral-hazard' problem that is, regions may want to invest less in market...
Persistent link: https://www.econbiz.de/10005008454
the individual as well as the coalition level.The concepts are applied in a numerical simulation of the SO2 transboundary …
Persistent link: https://www.econbiz.de/10005043290
While there have been some references in the literature to the potential role of the general decline in rainfall in sub-Saharan African nations on their poor growth performance relative to other developing countries, this avenue remains empirically unexplored. In this paper we use a new...
Persistent link: https://www.econbiz.de/10005043474
Polarization measures, that are used in examining the empirical relationship between ethnic divisions and violent conflict, heavily rely on mechanisms of group identification and often use somewhat arbitrary divisions of a society into ethnic groups. In this paper we construct two new measures...
Persistent link: https://www.econbiz.de/10011246325
We propose two axioms that introduce lower bounds into resource monotonicity requirements for rules for the problem of adjudicating conflicting claims. Suppose the amount to divide increases. The first axiom requires that two claimants whose lower bound changes equally experience an equal change...
Persistent link: https://www.econbiz.de/10008836154
We investigate how to extend bankruptcy rules to the general setting in which agents'claims may refer to different issues. We show that the proportional rule is the only one whose extensions according to two natural procedures yield the same outcomes.
Persistent link: https://www.econbiz.de/10005008297