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rationality under a certain condition, and well balances the trade-off between coalition effects and externality effects. By …
Persistent link: https://www.econbiz.de/10014069994
We identify the core as an appealing stability concept of cooperative game theory, but argue that the non … we call - game and show that strong Nash equilibria coalition structures in this game are identical to - and - core … stable coalition structures. Second, as a by-product of the definition of the - game, we develop an extension called an …
Persistent link: https://www.econbiz.de/10014085162
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We identify the core as an appealing stability concept of cooperative game theory, but argue that the non … we call H-game and show that strong Nash equilibria coalition structures in this game are identical to ?- and ?-core … stable coalition structures. Second, as a by-product of the definition of the H-game, we develop an extension called an I …
Persistent link: https://www.econbiz.de/10011591220
Transfers often play a crucial role in encouraging participation in international environmental agreements (IEAs). However, the economic literature on transfers is very limited and results achieved so far do not exploit the full potential of transfers for successful treaty-making. Therefore, in...
Persistent link: https://www.econbiz.de/10012713422
No international regime on climate change is going to be fully effective in controlling GHG emissions without the involvement of countries such as China, India, the United States, Australia, and possibly other developing countries. This highlights an unambiguous weakness of the Kyoto Protocol,...
Persistent link: https://www.econbiz.de/10012713459
's incentive to belong to a climate coalition. In our setting, a given country can either join one of the existing climate …
Persistent link: https://www.econbiz.de/10014054244
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The recent events that followed the US decision not to comply with the Kyoto Protocol seem to drastically undermine the effectiveness of the Protocol in controlling GHG emissions. Therefore, it is important to explore whether there are economic factors and policy strategies that might help the...
Persistent link: https://www.econbiz.de/10011592976