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This paper explores the failure of countries to coordinate climate policies as an equilibrium outcome of a game where countries optimize in the face of both unprecedented economic and environmental uncertainty. Because issues associated with climate change are historically unprecedented and thus...
Persistent link: https://www.econbiz.de/10013078923
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries' behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower, treaties...
Persistent link: https://www.econbiz.de/10009684058
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries’ behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower,...
Persistent link: https://www.econbiz.de/10013315826
Chapter 1. Global Climate Risks and China's Strategies -- Chapter 2. Evaluation on the Green and Low-carbon Development in Chinese Cities -- Chapter 3. Evolution and Challenges of the Global Climate Governance System -- Chapter 4. Risk Management of Climate Disasters in International...
Persistent link: https://www.econbiz.de/10013504718
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world. In this sense, newly arriving information is optimally processed. This is in stark contrast to treaties based on …
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