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In this paper we develop a model to analyze, in a dynamic framework, how countries join international environmental agreements (IEAs). In the model, where countries suffer from the same environmental damage as a result of the total global emissions, a non-signatory country decides its emissions...
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This paper develops a model of choice that embeds some psychological aspects affecting decision maker's behaviour. In … the model, the decision maker attaches an unobservable psychological index -representing, e.g., the level of perceived … availability or the level of salience- to each alternative in a universal collection. Choice behaviour of the decision maker is …
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Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006