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This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …
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optimal policy design in a context with more than one externality while taking explicitly into account uncertainty surrounding …-focused. Besides uncertainty on the state of the world concerning actual marginal emission damage, we consider the technological … progress through R&D as well as learning-by-doing. A portfolio of three policy instruments is then needed to cope with the …
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We propose a framework in order to econometrically estimate case-based learning and apply it to empirical data from … twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information …-based learning to other learning models (reinforcement learning and self-tuned experience weighted attraction learning) while using …
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