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An algorithmic solution to the interval Kyoto game

Author

Listed:
  • Christophe Deissenberg
  • George Leitmann

Abstract

The 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.

Suggested Citation

  • Christophe Deissenberg & George Leitmann, 2004. "An algorithmic solution to the interval Kyoto game," Computing in Economics and Finance 2004 312, Society for Computational Economics.
    • Handle: RePEc:sce:scecf4:312
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    Citations

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    Cited by:

    1. Irina Dolgopolova & Bo Hu & Armin Leopold & Stefan Pickl, 2014. "Economic, institutional and technological uncertainties of emissions trading—a system dynamics modeling approach," Climatic Change, Springer, vol. 124(3), pages 663-676, June.
    2. Ngo Van Long, 2019. "Dynamic Games of Common-Property Resource Exploitation When Self-Image Matters," CESifo Working Paper Series 7880, CESifo.

    More about this item

    Keywords

    Dynamic games; bargaining; Kyoto process; joint implementation; stability of the core;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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