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In this paper we put forward a simple game-theoretical model of pollution control, where each country is in control of its own pollution, while the environmental effects of policies do not stop at country borders. In our noncooperative differential game, countries as players minimize the present...
Persistent link: https://www.econbiz.de/10011709210
-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard … account well for the observed fairness and cooperation in all the tested games. The impressive predictions of the theory … promoting fairness and cooperation in the discussed games is only marginal. Strikingly, the Golden Ratio, known for its …
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This paper studies a model for cooperative congestion games. There is an array of cooperative games V and a player’s strategy is to choose a subset of the set V. The player gets a certain payoff from each chosen game. The paper demonstrates that if a payoff is the Shapley or the Banzhaf value,...
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There is continuing debate about what explains cooperation and self-sacrifice in nature and in particular in humans …
Persistent link: https://www.econbiz.de/10010235846
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We couple a spatially homogeneous energy balance climate model with an economic growth model which incorporates two potential policies against climate change: mitigation, which is the traditional policy, and geoengineering. We analyze the optimal policy mix of geoengineering and mitigation in...
Persistent link: https://www.econbiz.de/10009756319