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Self-Enforcing Climate Change Treaties: A Generalized Differential Game Approach with Applications

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Author Info
Pedro, de Mendonça

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Abstract

Based on recent proposals on non cooperative dynamic games for analysing climate negotiation outcomes, such as Dutta and Radner (2004, 2006a), we generalize a specific framework for modelling differential games of this type and describe the set of conditions for the existence of closed loop dynamics and its relation to adaptive evolutionary dynamics. We then show that the Dutta and Radner (2004, 2006a) discrete time dynamic setup is a specific case of that generalization and describe the dynamics both analytically and numerically for closed loop feedback and perfect state patterns. Our discussion is completed with the introduction of a cooperative differential framework for welfare analysis purposes, within our non cooperative proposal for climate negotiations.

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File URL: http://mpra.ub.uni-muenchen.de/17889/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17889.

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Date of creation: Nov 2009
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Handle: RePEc:pra:mprapa:17889

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Related research
Keywords: Differential Game Theory; Environmental Economics; Evolutionary Dynamics; Climate Change Treaties;

Find related papers by JEL classification:
Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounting
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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This page was last updated on 2009-12-1.


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