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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/10014054434
Delayed perfect monitoring in an infinitely repeated discounted game is modelled by allocating the players to a connected and undirected network. Players observe their immediate neighbors' behavior only, but communicate over time the repeated game's history truthfully throughout the network. The...
Persistent link: https://www.econbiz.de/10014219142
Interactions between food demand, biomass energy and forest preservation are driving both food prices and land-use changes, regionally and globally. This study presents a new model called Nexus Land-Use which describes these interactions through a generic representation of agricultural...
Persistent link: https://www.econbiz.de/10013107815
this game possesses a stationary correlated equilibrium (in network and coalition formation strategies), (iii) to show that …, together with the trembles of nature, this stationary correlated equilibrium determines an equilibrium Markov process of …
Persistent link: https://www.econbiz.de/10013158452
a concept of rational expectations equilibrium, a local stability analysis for spatially homogeneous rational …
Persistent link: https://www.econbiz.de/10014205745
This paper examines the effects of tourism in a dynamic model of trade on unemployment, capital accumulation and resident welfare. A tourism boom improves the terms of trade, increases labor employment, but lowers capital accumulation. The reduction in the capital stock depends on the degree of...
Persistent link: https://www.econbiz.de/10014061190
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/10013087491
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 less risk …
Persistent link: https://www.econbiz.de/10013081039
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/10014205788
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/10014219023