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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
    as

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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

    as
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    4. David CARFI & Daniele SCHILIRO, 2012. "A Model Of Coopetitive Game For The Environmental Sustainability Of A Global Green Economy," Journal of Advanced Research in Management, ASERS Publishing, vol. 3(1), pages 5-17.
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    12. Daniele Schilirò, 2007. "Knowledge, Learning, Networks and Performance of Firms in Knowledge-Based Economies," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn0702, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
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    25. Carfì, David & Ricciardello, Angela, 2009. "Non-reactive strategies in decision-form games," MPRA Paper 29262, University Library of Munich, Germany.
    26. 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.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Climate Change; Environmental Sustainability; Model à la Cournot; Coopetitive Games; Green Economy;
    All these keywords.

    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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