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An environmentally sustainable global economy. A coopetitive model

Author

Listed:
  • Carfì, David
  • Donato, Alessia
  • Schilirò, Daniele

Abstract

This paper proposes a model representing a global economy which aims to become environmentally sustainable. The model looks both at the production side and the consumption side of the economy. Regarding the production side, the suggested model considers investment and innovation in climate technologies, whereas on the side of the consumption it takes into account economic and policy instruments to change the patterns of consumption of the households. The model follows a game theory approach and applies a theoretical framework à la Cournot. The results of the paper are the following: the model provides win-win solutions, namely strategic situations in which each country takes advantages by cooperating and competing at the same time within the global economy, and where each country gets a positive return. In fact, the model shows the convenience for each country to cooperate and suggests the implementation of policies in order to satisfy the basic requirements of 2030 Agenda for Sustainable Development, in terms of production, consumption and climate change.

Suggested Citation

  • Carfì, David & Donato, Alessia & Schilirò, Daniele, 2018. "An environmentally sustainable global economy. A coopetitive model," MPRA Paper 86718, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:86718
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    File URL: https://mpra.ub.uni-muenchen.de/86718/1/MPRA_paper_86718.pdf
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    References listed on IDEAS

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    1. repec:wsi:igtrxx:v:17:y:2015:i:02:n:s0219198915400137 is not listed on IDEAS
    2. Hagedoorn, John & Carayannis, Elias & Alexander, Jeffrey, 2001. "Strange bedfellows in the personal computer industry: technology alliances between IBM and Apple," Research Policy, Elsevier, vol. 30(5), pages 837-849, May.
    3. Flávio Rodrigues & Victoria Souza & João Leitão, 2011. "Strategic coopetition of global brands: a game theory approach to 'Nike + iPod Sport Kit' co-branding," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 3(4), pages 435-455.
    4. repec:srs:volume:v:3:y:2012:i:1(5):p:10-25 is not listed on IDEAS
    5. David Carfì & Emanuele Perrone, 2013. "Asymmetric Cournot Duopoly: A Game Complete Analysis," Journal of Reviews on Global Economics, Lifescience Global, vol. 2, pages 194-202.
    6. repec:srs:volume:v:2:y:2016:i:1:p:21-58 is not listed on IDEAS
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    8. Fiala, Nathan, 2008. "Meeting the demand: An estimation of potential future greenhouse gas emissions from meat production," Ecological Economics, Elsevier, vol. 67(3), pages 412-419, October.
    9. Carfì, David & Pintaudi, Angelica, 2012. "Optimal participation in illegitimate market activities: complete analysis of 2-dimensional cases," MPRA Paper 37822, University Library of Munich, Germany.
    10. Carfì, David & Ricciardello, Angela, 2009. "Non-reactive strategies in decision-form games," MPRA Paper 29262, University Library of Munich, Germany.
    11. Carfí, David & Musolino, Francesco, 2014. "Speculative and hedging interaction model in oil and U.S. dollar markets with financial transaction taxes," Economic Modelling, Elsevier, vol. 37(C), pages 306-319.
    12. Carfì, David & Schilirò, Daniele, 2012. "A coopetitive model for the green economy," Economic Modelling, Elsevier, vol. 29(4), pages 1215-1219.
    13. repec:srs:volume:v:1:y:2015:i:1:p:46-75 is not listed on IDEAS
    14. Carfì, David & Musolino, Francesco, 2012. "Game theory and speculation on government bonds," Economic Modelling, Elsevier, vol. 29(6), pages 2417-2426.
    15. repec:srs:volume:v:1:y:2015:i:1:p:4-28 is not listed on IDEAS
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    More about this item

    Keywords

    Climate Change; Environmental Sustainability; Model à la Cournot; Coopetitive Games; Green Economy;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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