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Economic harmony : a rational theory of fairness and cooperation in strategic interactions

Suleiman, Ramzi - In: Games 13 (2022) 3, pp. 1-21

-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 …

Persistent link: https://www.econbiz.de/10013252726

Consensus towards partially cooperative strategies in self-regulated evolutionary games on networks

Madeo, Dario; Mocenni, Chiara - In: Games 12 (2021) 3, pp. 1-16

Cooperation is widely recognized to be fundamental for the well-balanced development of human societies. Several … different approaches have been proposed to explain the emergence of cooperation in populations of individuals playing the … cooperation for these classes of games. We find the conditions for which these Nash equilibria are asymptotically stable, and we …

Persistent link: https://www.econbiz.de/10012607383

Game theory of pollution : national policies and their international effects

Schüller, Katharina; Staňková, Kateřina; Thuijsman, … - In: Games 8 (2017) 3, pp. 1-15

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

Mitigation and solar radiation management in climate change policies

Manousi, Vasiliki; Xepapadeas, Anastasios - 2013

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