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increases the risk of the game, making cooperative action through a social planner more urgent. Asymmetric damages or asymmetric …
Persistent link: https://www.econbiz.de/10012899158
Existing long-term energy and climate scenarios are typically a rather simple extrapolation of past trends. Both qualitative and quantitative outlooks co-exist, but they often focus narrowly on individual perspectives, which is opposed to the interlinked and complex nature of energy and climate....
Persistent link: https://www.econbiz.de/10011963639
Persistent link: https://www.econbiz.de/10014491849
and decisionmaking? Third, how does the discussion of risk and uncertainty as originally proposed by Frank Knight (1921 …
Persistent link: https://www.econbiz.de/10013084265
A differential game of global warming is offered. The game involves individual country social utility functions that balance gains from GHG emissions with damages due to global warming. Two state variables are involved, the concentration of anthropogenic GHG in the atmosphere, and the increase...
Persistent link: https://www.econbiz.de/10013087241
Using an updated version of the CWS model (introduced by Eyckmans and Tulkens in Resource and Energy Economics 2003), this paper intends to evaluate with numbers the respective merits of two competing notions of coalition stability in the standard global public goods model as customarily applied...
Persistent link: https://www.econbiz.de/10012711495
We characterise the entire set of symmetric stationary Markov-perfect Nash equilibria (MPE) in a differential game of public good investment, using the canonical problem of climate change as an example. We provide a sufficient and necessary condition for MPE and show how the entire set of MPE is...
Persistent link: https://www.econbiz.de/10012204634
We characterise the entire set of symmetric stationary Markov-perfect Nash equilibria (MPE) in a differential game of public good investment, using the canonical problem of climate change as an example. We provide a sufficient and necessary condition for MPE and show how the entire set of MPE is...
Persistent link: https://www.econbiz.de/10012210901
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk …
Persistent link: https://www.econbiz.de/10011616351
We study four different climate change games and compare with the outcome of choices by a Social Planner. In a dynamic setting, two players choose levels of carbon emissions. Rising atmospheric carbon stocks increase average global temperature which damages player utilities. Temperature is...
Persistent link: https://www.econbiz.de/10014113431