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A Strategic Analysis of Global Warming : Theory and Some Numbers

Radner, Roy; Dutta, Prajit K. - 2005

We model the global warming process as a dynamic commons game in which the players are countries, their actions at each date produce emissions of greenhouse gases, and the state variable is the current stock of greenhouse gases. The theoretical analysis is complemented by a calibration exercise....

Persistent link: https://www.econbiz.de/10014061839

Taxes versus permits as incentive for the intertemporal supply of a clean technology by a monopoly

Wirl, Franz - In: Resource and Energy Economics 36 (2014) 1, pp. 248-269

This paper investigates the intertemporal monopolistic supply of a clean technology and addresses the following questions: How does the lack of governments to commit restrict the incentives and thereby the supply of clean technologies? Are either emission taxes or emission permits better suited...

Persistent link: https://www.econbiz.de/10010737811

Linking reduced deforestation and a global carbon market: Impacts on costs, financial flows, and technological innovation

Bosetti, Valentina; Lubowski, Ruben; Golub, Alexander; … - 2009

Discussions over tropical deforestation are currently at the forefront of climate change policy negotiations at national, regional, and international levels. This paper analyzes the effects of linking Reduced Emissions from Deforestation and Forest Degradation (REDD) to a global market for...

Persistent link: https://www.econbiz.de/10010279555

Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation

Bosetti, Valentina; Lubowski, Ruben; Golub, Alexander; … - Fondazione ENI Enrico Mattei (FEEM) - 2009

Persistent link: https://www.econbiz.de/10005008035

Riskiness, risk aversion, and risk sharing: cooperation in a dynamic insurance game

Laczó, Sarolta (contributor) - 2008

This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It considers a dynamic game where commitment is limited, and characterizes the level of cooperation as measured by the reciprocal of the discount factor above which perfect risk...

Persistent link: https://www.econbiz.de/10003770693

The rise and fall of the Great Fish Pact under endogenous risk of stock collapse

Walker, Adam N.; Weikard, Hans-Peter; Richter, Andries - 2015

Risk of stock collapse is a genuine motivation for cooperative fisheries management. We analyse the effect of an endogenously determined risk of stock collapse on the incentives to cooperate in a Great Fish War model. We establish that equilibrium harvest strategies are non-linear in stock and...

Persistent link: https://www.econbiz.de/10011287058

Do Increases in Environmental Risk Reduce Welfare? A Dynamic Game Perspective

Benchekroun, Hassan - 2013

We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk in the neighborhood of a risk-free world is...

Persistent link: https://www.econbiz.de/10013081942

A Dynamic Game of Emissions Pollution with Uncertainty and Learning

Masoudi, Nahid - 2014

We introduce learning in a dynamic game of international pollution, with ecological uncertainty. We characterize and … ecological uncertainty but they gain information (learn) about it. We then compare our learning model with the benchmark model of … full information, where players know the distribution of ecological uncertainty. We find that uncertainty due to …

Persistent link: https://www.econbiz.de/10013050176

Markov Distributional Equilibrium Dynamics in Games with Complementarities and No Aggregate Risk

Balbus, Lukasz - 2020

We present a new approach for studying equilibrium dynamics in a class of stochastic games with a continuum of players with private types and strategic complementarities. We introduce a suitable equilibrium concept, called Markov Stationary Distributional Equilibrium (MSDE), prove its existence,...

Persistent link: https://www.econbiz.de/10012829253

Risk Aversion and Dynamic Games between Hydroelectric Operators Under Uncertainty

Abbassi, Abdessalem; Dakhlaoui, Ahlem; Tamini, Lota D. - 2014

hydroelectricity producers are risk averse and face demand uncertainty. In each type of market structure we analytically determine the … or storage depending on the relative abundance of water between different regions to smooth the effect of uncertainty on …

Persistent link: https://www.econbiz.de/10014144936