An algorithmic solution to the interval Kyoto game
AbstractThe conference of Kyoto 1997 instutionalized a new and important economic instrument for environmental protection, the Joint Implementation Progran (JI). The concept of Joint Implementation involves a bilateral or multilateral deal in which countries facing high pollution abatment costs invest in abatment in countries with lower costs, and receive credit for the resulting reduction in greenhouse gas emmission. The Technology-Emissions-Means (TEM) model developped by Pickl (1999) aims at embedding the Joint Implementation process into an optimal energy management model that takes into account all relevant technical and financial constraints. Based on this model, we present a new bargaining approach for an efficient international bargaining procedure within the so-called interval Kyoto game.
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Bibliographic InfoPaper provided by Society for Computational Economics in its series Computing in Economics and Finance 2004 with number 312.
Date of creation: 11 Aug 2004
Date of revision:
Dynamic games; bargaining; Kyoto process; joint implementation; stability of the core;
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