We study the relationship between rationality and economic survival in a simple dynamic model, where agents from different populations interact repeatedly through random matching. An explicit criterion (quot;bankruptcyquot;) determines whether agents survive each interaction; all agents are...

We model the global warming process as a dynamic commons game in which the players are countries, their actions at each date produceemissions of greenhouse gases, and the state variable is the current stock of greenhouse gases. The theoretical analysis is complemented by a calibration exercise....