Belgodere, Antoine and Prunetti, Dominique (2007): International coordination over emissions and R&D expenditures: What does oil scarcity change?
Download (1MB) | Preview
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|
|Original Title:||International coordination over emissions and R&D expenditures: What does oil scarcity change?|
|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
|Depositing User:||Antoine Belgodere|
|Date Deposited:||18. Jan 2011 13:37|
|Last Modified:||26. Dec 2015 22:35|
Aghion, P., Howitt, P., 1998. Endogenous Growth Theory. MA: MIT Press.
Engwerda, J. C., 2005. LQ Dynamic Optimization and Differential Games. Wiley.
Forster, B., 1975. Optimal pollution control with a nonconstant exponential rate of decay. Journal of Environmental Economics and Management 2, 1–17.
Forster, B., 1977. ”On a One State Variable Optimal Control Problem”, in PITCHFORD J.D. & TURNOVSKY S.J. (eds), Application of Control Theory to Economic Analysis. North Holland Publishing Company, Amsterdam, pp. 229–240.
Freiling, G., Jank, G., Abou-Kandil, H., 1996. On global existence of solutions to coupled matrix riccati equations in closed loop nash games. IEEE Trans. Automatic Conctrol 41, 264–269.
Fudenberg, D., Tirole, J., 1992. Game Theory (second printing). MIT Press.
Golombek, R., Hoel, M., 2005. Climate policy under technology spillovers. Environmental & Resource Economics 31 (2), 201–227.
Golombek, R., Hoel, M., 2006. Second-best climate agreements and technology policy. Advances in Economic Analysis & Policy 6 (1), 1472–1472.
Heal, G., 1976. The relationship between price and extraction cost for a resource with a backstop technology. The Bell Journal of Economics 2 (7), 371–378.
Howarth, R., 1996. Discount rates and sustainable development. Ecological Modelling 92, 263–270.
IEA, 2006. Energy Technology Perspectives Scenarios & Strategies to 2050. The Online Bookstore, IEA.
IPCC, 2007. Climate change 2007: Impacts, adaptation and vulnerability. Tech. rep., IPCC.
List, J. A., Mason, C. F., 2001. Optimal institutional arrangements for transboundary pollutants in a second-best world: Evidence from a differential game with asymmetric players. Journal of Environmental Economics and Management 42 (3), 277–296.
Romer, P. M., (1990). Endogenous technological change. Journal of Political Economy 98 (5), 71–102.
van der Ploeg, F., de Zeeuw, A., 1994. ”Sustainable growth and renewable resources in the global economy” in Carraro, C. (ed.) Trade, Innovation, Environment. Kluwer, Dordrecht, Ch. 2.3, pp. 229–240.