Cooperation is essential for 2 centigrade degrees Target: a new perspective from the Dynamic Game Model

Jin Zhugang (), Can Wang and Wenjia Cai
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Jin Zhugang: School of Environment, Tsinghua University, Beijing, China and Center for Earth System Science, Tsinghua University, Beijing, China
Can Wang: School of Environment, Tsinghua University, Beijing, China and Center for Earth System Science, Tsinghua University, Beijing, China
Wenjia Cai: Center for Earth System Science, Tsinghua University, Beijing, China

Review of Applied Socio-Economic Research, 2013, vol. 5, issue 1, 100-105

Abstract: A theoretical country-level dynamic game model involving both the particularity of climate change investment and individual's subjective initiatives is put forward. Positive, negative, spillover effects of climate change investment and the individual's dynamic strategies are distinguished and involved into the theoretical model. With numerical simulation and sensitivity analyses, the essentiality of cooperation for 2C target is then proved. The lack of self-driven force for cooperation in climate negotiation is further explained from the perspective of game theory. In addition, the feasibilities to realize generalized Pareto improvement with effective compensation and benefit transfer mechanisms are also confirmed.

Keywords: climate change negotiation; Game model; Cooperation; 2 centigrade degrees (search for similar items in EconPapers)
JEL-codes: C70 (search for similar items in EconPapers)
Date: 2013
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