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role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …
Persistent link: https://www.econbiz.de/10010234539
The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to improve its terms of trade, while the fringe abstains...
Persistent link: https://www.econbiz.de/10012425940
the face of rising global temperatures. A focus is on three central features of the problem: uncertainty, the incentive … 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
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Climate change is one of the major global challenges. Mitigating its impact is however bedeviled byfree-rider problems and external effects. We thus study the problem of optimal carbon abatement in a dynamic non-cooperative game-theoretical setting involving multiple countries that are open...
Persistent link: https://www.econbiz.de/10012927774
Persistent link: https://www.econbiz.de/10012130880
We study a dynamic game of climate policy design in terms of emissions and solar radiation management (SRM) involving two heterogeneous regions or countries. Countries emit greenhouse gasses (GHGs), and can block incoming radiation by unilateral SRM activities, thus reducing global temperature....
Persistent link: https://www.econbiz.de/10010459892
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Likelihood that links uncertainty about benefits and costs of climate change to the stability analysis of coalitions in a …
Persistent link: https://www.econbiz.de/10014063185