A Short Note on Joint Welfare Maximization Assumption

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A Short Note on Joint Welfare Maximization Assumption

Author Info

Dritan Osmani
Richard S J Tol

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Abstract

Non-cooperative game theoretical models of International Environmental Agreements (lEAs) use the assumption that coalition of signatories maximizes their joint welfare. In this paper, the joint maximization assumption is compared to different welfare sharing schemes such as Shapley value, Nash bargaining solution and consensus value. The results show that the joint welfare maximization assumption is similar to the Nash bargaining solution.

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Article provided by Icfai Press in its journal The Icfai University Journal of Managerial Economics.

Volume (Year): VI (2008)
Issue (Month): 3 (August)
Pages: 22-39
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Handle: RePEc:icf:icfjme:v:06:y:2008:i:3:p:22-39

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Paper
- Dritan Osmani & Richard S.J. Tol, 2007. "A short note on joint welfare maximization assumptions," Working Papers FNU-150, Research unit Sustainability and Global Change, Hamburg University, revised Oct 2007. [Downloadable!]

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Ioannidis, Alexis & Papandreou, Andreas & Sartzetakis, Eftichios, 2000. "International Environmental Agreements: a Literature Review," Cahiers de recherche 0008, GREEN. [Downloadable!]
Claude, et al d'Aspremont, 1983. "On the Stability of Collusive Price Leadership," Canadian Journal of Economics, Canadian Economics Association, vol. 16(1), pages 17-25, February. [Downloadable!] (restricted)
Dritan Osmani & Richard S.J. Tol, 2007. "Toward Farsightedly Stable International Environmental Agreements," Working Papers FNU-140, Research unit Sustainability and Global Change, Hamburg University, revised Jul 2007. [Downloadable!]
Other versions:
- Dritan Osmani & Richard Tol, 2009. "Toward Farsightedly Stable International Environmental Agreements," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(3), pages 455-492, 06. [Downloadable!] (restricted)
Effrosyni Diamantoudi & Eftichios S. Sartzetakis, . "International Environmental Agreements -The Role of Foresight," Economics Working Papers 2002-10, School of Economics and Management, University of Aarhus. [Downloadable!]
Other versions:
- DIAMANTOUDI, Effrosyni & SARTZETAKIS, Eftichios, 2002. "International environmental agreements - The role of foresight," CORE Discussion Papers 2002061, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
Effrosyni Diamantoudi & Eftichios Sartzetakis, 2002. "Stable International Environmental Agreements: An Analytical Approach," Others 0201001, EconWPA. [Downloadable!]
Other versions:
- Effrosyni Diamantoudi & Sartzetakis, Eftichios, . "Stable International Environmental Agreements: An Analytical Approach," Economics Working Papers 2001-10, School of Economics and Management, University of Aarhus. [Downloadable!]
- Effrosyni Diamantoudi & Eftichios S. Sartzetakis, 2001. "Stable International Environmental Agreements: An Analytical Approach," Working Papers 04001, Concordia University, Department of Economics, revised Feb 2003. [Downloadable!]
- Effrosyni Diamantoudi & Eftichios S. Sartzetakis, 2006. "Stable International Environmental Agreements: An Analytical Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(2), pages 247-263, 05. [Downloadable!] (restricted)
Dritan Osmani & Richard S.J. Tol, 2005. "The case of two self-enforcing international agreements for environmental protection," Working Papers FNU-82, Research unit Sustainability and Global Change, Hamburg University, revised May 2006. [Downloadable!]
Other versions:
- Osmani, Dritan & Tol, Richard, 2006. "The case of two self-enforcing international agreements for environmental protection," MPRA Paper 4256, University Library of Munich, Germany. [Downloadable!]
Parkash CHANDER & Henry TULKENS, 2006. "Cooperation, Stability and Self-Enforcement in International Environmental Agreements: A Conceptual Discussion," SCAPE Policy Research Working Paper Series 0609, National University of Singapore, Department of Economics, SCAPE. [Downloadable!]
Other versions:
- Henry Tulkens & Parkash Chander, 2006. "Cooperation, Stability and Self-Enforcement in International Environmental Agreements: A Conceptual Discussion," Working Papers 2006.34, Fondazione Eni Enrico Mattei. [Downloadable!]
- CHANDER, Parkash & TULKENS, Henry, 2006. "Cooperation, stability and self-enforcement in international environmental agreements: a conceptual discussion," CORE Discussion Papers 2006003, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
- Parkash Chander & Henry Tulkens, 2009. "Cooperation, Stability And Self- Enforcement In International Environmental Agreements- A Conceptual Discussion," Microeconomics Working Papers 1654, East Asian Bureau of Economic Research. [Downloadable!]
- Henry, TULKENS & Parkash, CHANDER, 2006. "Cooperation, stability and self-enforcement in interational environmental agreements : a conceptual discussion," Discussion Papers (ECON - DÃ©partement des Sciences Economiques) 2006003, Université catholique de Louvain, Département des Sciences Economiques, revised 15 Jan 2006. [Downloadable!]
Yuan Ju & Peter Borm & Pieter Ruys, 2007. "The consensus value: a new solution concept for cooperative games," Social Choice and Welfare, Springer, vol. 28(4), pages 685-703, June. [Downloadable!] (restricted)
Other versions:
- Ju, Y. & Borm, P.E.M. & Ruys, P.H.M., 2004. "The consensus value : a new solution concept for cooperative games," Discussion Paper 50, Tilburg University, Center for Economic Research. [Downloadable!]
Carraro, Carlo & Eyckmans, Johan & Finus, Michael, 2005. "Optimal Transfers and Participation Decisions in International Environmental Agreements," CEPR Discussion Papers 5046, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
Other versions:
- Carlo Carraro & Johan Eyckmans & Michael Finus, 2006. "Optimal Transfers and Participation Decisions in International Environmental Agreements," Working Papers 2006_44, University of Venice "Ca' Foscari", Department of Economics. [Downloadable!]
- Carlo Carraro & Johan Eyckmans & Michael Finus, 2005. "Optimal Transfers and Participation Decisions in International Environmental Agreements," Working Papers 2005.50, Fondazione Eni Enrico Mattei. [Downloadable!]
Chander, Parkash & Tulkens, Henry, 1994. "A Core-Theoretic Solution for the Design of Cooperative Agreements on Transfrontier Pollution," Working Papers 897, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
Other versions:
- CHANDERÊ, Parkash & TULKENS, Henry, 1994. "A Core-Theoretic Solution for the Design of Cooperative Agreements on Transfrontier Pollution," CORE Discussion Papers 1994048, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Parkash Chander & Henry Tulkens, 1995. "A core-theoretic solution for the design of cooperative agreements on transfrontier pollution," International Tax and Public Finance, Springer, vol. 2(2), pages 279-293, August. [Downloadable!] (restricted)
Chander, Parkash & Tulkens, Henry, 1994. "The Core of an Economy With Multilateral Environmental Externalities," Working Papers 886, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
Other versions:
- Henry Tulkens & Parkash Chander, 1997. "The Core of an Economy with Multilateral Environmental Externalities," International Journal of Game Theory, Springer, vol. 26(3), pages 379-401.

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