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Pollution perception: An inquiry into intergenerational equity

Schumacher, Ingmar; Zou, Benteng - 2005

In this article we extend the recent literature on overlapping generations with a pollution sector by allowing … generations to have a certain pollution perception with regards to the stock of pollution. Pollution perception, assumed to be … part of the generations' preferences, can be either a concern for the flow of pollution only, or for the stock, or anything …

Persistent link: https://www.econbiz.de/10010272623

Distorted Voronoi languages

Förster, Manuel; Riedel, Frank - 2011

In a recent paper, Jäger, Metzger, and Riedel (2011) study communication games of common interest when signals are simple and types complex. They characterize strict Nash equilibria as so-called Voronoi languages that consist of Voronoi tesselations of the type set and Bayesian estimators on...

Persistent link: https://www.econbiz.de/10010319996

Voronoi languages: Equilibria in cheap-talk games with high-dimensional types and few signals

Jäger, Gerhard; Koch-Metzger, Lars; Riedel, Frank - 2009

We study a communication game of common interest in which the sender observes one of infinite types and sends one of finite messages which is interpreted by the receiver. In equilibrium there is no full separation but types are clustered into convex categories. We give a full characterization of...

Persistent link: https://www.econbiz.de/10010272564

Sustainable economic development and the environment: Theory and evidence

Bertinelli, Luisito; Strobl, Eric; Zou, Benteng - 2005

The relationship between growth and pollution is studied through a vintage capital model, where new technology is more … cases of sustainable development, one in which pollution falls and another in which it stabilizes, or a catastrophic outcome … the pollution-output relationship. …

Persistent link: https://www.econbiz.de/10010272619

Polluting technologies and sustainable economic development

Bertinelli, Luisito; Strobl, Eric; Zou, Benteng - 2006

period until which pollution may eventually decrease and cause this turning point to be reached at a higher level of … pollution. An empirical analysis using export data of vintage technologies from the US and Europe to developing countries …

Persistent link: https://www.econbiz.de/10010285418

Stability of coalitional equilibria within repeated tax competition

Brangewitz, Sonja; Brockhoff, Sarah - 2012

This paper analyzes the stability of capital tax harmonization agreements in a stylized model where countries have formed coalitions which set a common tax rate in order to avoid the inefficient fully non-cooperative Nash equilibrium. In particular, for a given coalition structure we study to...

Persistent link: https://www.econbiz.de/10010319960

Refined best reply correspondence and dynamics

Balkenborg, Dieter; Hofbauer, Josef; Kuzmics, Christoph - 2011

We call a correspondence, defined on the set of mixed strategy profiles, a generalized best reply correspondence if it has (1) a product structure, is (2) upper semi-continuous, (3) always includes a best reply to any mixed strategy profile, and is (4) convex- and closed-valued. For each...

Persistent link: https://www.econbiz.de/10010319961

Evolution of social networks

Hellmann, Tim; Staudigl, Mathias - 2012

Modeling the evolution of networks is central to our understanding of modern large communication systems, such as theWorld-Wide-Web, as well as economic and social networks. The research on social and economic networks is truly interdisciplinary and the number of modeling strategies and concepts...

Persistent link: https://www.econbiz.de/10010319962

Competitive outcomes and the core of TU market games

Brangewitz, Sonja; Gamp, Jan-Philip - 2011

We investigate the relationship between certain subsets of the core for TU market games and competitive payoff vectors of certain markets linked to that game. This can be considered as the case in between the two extreme cases of Shapley and Shubik (1975). They remark already that their result...

Persistent link: https://www.econbiz.de/10010319963

A dynamic model of reciprocity with asymmetric equilibrium payoffs

Noeske, Niko - 2011

We analyze indirect evolutionary two-player games to identify the dynamic emergence of (strong) reciprocity in a large number of economic settings. The underlying evolutionary environment allows for an arbitrary initial population state provided that every degree of the compact space of...

Persistent link: https://www.econbiz.de/10010319964