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of view of stability. After recalling the two competing concepts of stability in use in the IEA literature, new insights …. Free riding is also evaluated in relation with the alternative forms of stability under scrutiny. Finally, it is asked … 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/10010312597
stability of water allocation agreements, using a game theoretic model. We consider the effects of climate change and the choice … of a sharing rule on stability. Our results show that both a decrease in mean river flow and an increase in the variance … of river flow decrease the stability of an agreement. An agreement where the downstream country is allocated a fixed …
Persistent link: https://www.econbiz.de/10010312326
This paper investigates the world economic implications of climate change policy strategies, especially the evaluation of impacts by an implementation of Clean Development Mechanisms, Joint Implementation and Emissions trading with a world integrated assessment model. Of special interest in this...
Persistent link: https://www.econbiz.de/10011608848
We study a stochastic model of influence where agents have "yes" or "no" inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes modelled...
Persistent link: https://www.econbiz.de/10010313214
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/10011325070
The evolution of large-scale cooperation among genetic strangers is a fundamental unanswered question in the social sciences. Behavioral economics has persuasively shown that so called strong reciprocity plays a key role in accounting for the endogenous enforcement of cooperation. Insofar as...
Persistent link: https://www.econbiz.de/10010279564
We model the decision problems faced by the members of societies whose new members are determined by vote. We adopt a number of simplifying assumptions: the founders and the candidates are fixed; the society operates for a fixed number of periods and holds elections at the beginning of each period;...
Persistent link: https://www.econbiz.de/10011608403
This paper develops a formal model of exchange network stability that combines expected value theory (Friedkin 1995 …
Persistent link: https://www.econbiz.de/10010312535
This paper studies many-to-one matching market in which each agent's preferences not only depend on the institution that hires her, but also on the group of her colleagues, which are matched to the same institution. With an unrestricted domain of preferences the non-emptiness of the core is not...
Persistent link: https://www.econbiz.de/10010312606
We consider a model of the 'world' with several regions that may create a unified entity or be partitioned into several unions (countries). The regions have distinct preferences over policies chosen in the country to which they belong and equally share the cost of public policies. It is known...
Persistent link: https://www.econbiz.de/10010270924