Control and Game Models of the Greenhouse Effect: Economics Essays on the Comedy and Tragedy of the Commons: 416 (Lecture Notes in Economics and Mathematical Systems, 416) - Softcover

Cesar, Herman S.J.

Softcover

ISBN 10: 3540582207 ISBN 13: 9783540582205

Publisher: Springer, 1994

Synopsis

This book is the result of a four years' research project at the European Uni- versity Institute in Florence, Italy. I am grateful to my supervisor, Mark Salmon, for his many ideas. I am also indebted to my co-supervisor, Aart de Zeeuw, for his and Alister Ulph. unfailing support and to Carlo Carraro, Louis Phlips I gratefully acknowledge the help and assistance of many people that advised at some stage, Scott Barrett, Peter Bohm, Lans Bovenberg, Partha Dasgupta, me Klaus Hasselman, Peter Kort, alIi Tahvonen, Cees Withagen and Clifford Wymer. Thanks also to the faculty and students of the Department of Economics of the European University Institute and especially to Jacqueline, Jessica, Marcia and Barbara for their moral support; my Italian teacher Camilla; my 'Gruppo di Lavoro' Tilman, Peter and Luisa; my dear Dutch friends Yvo, Pieter, Ida and Ellen; international friends Bogdan, Stuart, Melanie, Henning, Anantha, Paolo, Pompeo, Nikos, Christian, Analisa, Dorothea, Valeria and Stefani a; the members of the Working Group of Environmental Studies; and finally my girlfriends who gave up on me because they thought I was working too hard and not spending enough time with them. Also many thanks to my landlady Olga, who taught me the beauty of Italian literature and opera and my landlord Emilio and their dog Igor. I am also greatly indebted to Professor Larry Susskind and to the Massachusetts Institute of Technology where I spent an extremely inspiring semester.

About this title

Product Description

This book deals with economic policy regarding the Greenhouse Effect using control and game models. First, a literature review is given of intertemporal optimisation models of environmental issues with special focus on the Greenhouse Effect. Next, the issue of sustainability is discussed for different specifications of the natural assimilation function. Furthermore, capital accumulation is considered both in abatement and in human capital. The international dimension is analysed next with focus on the difference between feedback and open-loop solutions, as well as on cooperative outcomes using trigger and renegotiation-proof strategies. Finally, second best forms of cooperation in the form of "issue linkage" and "technology transfers" are worked out.

Edition details

• Publisher: Springer
• Publication date: 1994
• Language: English
• ISBN 10: 3540582207
• ISBN 13: 9783540582205
• Binding: Perfect Paperback
• Number of pages: 237