International coordination over emissions and R&D expenditures: What does oil scarcity change?

Belgodere, Antoine and Prunetti, Dominique (2007): International coordination over emissions and R&D expenditures: What does oil scarcity change?

Abstract

In this paper, we studied the problem of international coordination in climate policy using three state-variables (oil marginal extraction cost, pollution and knowledge), two asymmetric countries and a differential game. We used a Monte Carlo procedure to obtain an insight into the behaviour of the model. We discutes the importance of R&D in international agreements and the impact of economic growth in developing countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: Climate change ; diffential games ; nonrenewable resources
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory

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