Showing 11 - 20 of 7,861
Persistent link: https://www.econbiz.de/10003224321
Persistent link: https://www.econbiz.de/10003659586
We model countries' choice of greenhouse gas (GHG) emissions as a dynamic game. Emissions generate immediate benefits to the emitting country but also increase atmospheric GHG concentrations that negatively affect present and future welfare of all countries. Because there are no international...
Persistent link: https://www.econbiz.de/10011414709
Persistent link: https://www.econbiz.de/10011921553
We model countries' choice of greenhouse gas (GHG) emissions as a dynamic game. Emissions generate immediate benefits to the emitting country but also increase atmospheric GHG concentrations that negatively affect present and future welfare of all countries. Because there are no international...
Persistent link: https://www.econbiz.de/10012998790
We analyze a model of environmental regulation with learning about environmental damages and endogenous choice of emissions abatement technology by a polluting firm. We compare environmental policy under discretion, in which policy is updated upon learning new information, versus under rules, in...
Persistent link: https://www.econbiz.de/10014062681
This paper delineates circumstances in which a first-best cooperative solution can be supported as a subgame perfect equilibrium in a dynamic common property renewable resource game. In a game with nonlinear resource stock effects on cost, we characterize a worst perfect equilibrium that...
Persistent link: https://www.econbiz.de/10014062680
This paper explores the efficiency of tradable permit markets for stock pollutants. With uncertainty about the future stock level or damages, a market with banking and borrowing is inferior, in terms of efficiency, compared to a market without banking and borrowing if the regulator commits to an...
Persistent link: https://www.econbiz.de/10005460277
This paper presents a noncooperative dynamic game with overlapping generations of players using a common-property natural resource, and identifies conditions under which cooperation is supported as an equilibrium of the game. It explores how heterogeneity among the resource users and access to...
Persistent link: https://www.econbiz.de/10005338336
Persistent link: https://www.econbiz.de/10005476719