Self-Enforcing Climate Change Treaties: A Generalized Differential Game Approach with Applications

Gui de Mendonça

MPRA Paper from University Library of Munich, Germany

Abstract: Based on recent proposals on non cooperative dynamic games for analysing climate negotiation outcomes, such as Dutta and Radner (2004, 2006a), we generalize a specific framework for modelling differential games of this type and describe the set of conditions for the existence of closed loop dynamics and its relation to adaptive evolutionary dynamics. We then show that the Dutta and Radner (2004, 2006a) discrete time dynamic setup is a specific case of that generalization and describe the dynamics both analytically and numerically for closed loop feedback and perfect state patterns. Our discussion is completed with the introduction of a cooperative differential framework for welfare analysis purposes, within our non cooperative proposal for climate negotiations.

Keywords: Differential Game Theory; Environmental Economics; Evolutionary Dynamics; Climate Change Treaties (search for similar items in EconPapers)
JEL-codes: C61 C72 C73 Q56 (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-ene, nep-env, nep-gth and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17889

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