International coordination over emissions and R&D expenditures: What does oil scarcity change?
AbstractIn 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 28164.
Date of creation: 2007
Date of revision:
Climate change ; diffential games ; nonrenewable resources;
Find related papers by JEL classification:
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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