International coordination over emissions and R&D expenditures: What does oil scarcity change?

Antoine Belgodere and Dominique Prunetti

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we studied the problem of international coordination in climate policy using three state-variables (oil marginal extraction cost, pollution and knowledge), two asymmetric countries and a differential game. We used a Monte Carlo procedure to obtain an insight into the behaviour of the model. We discutes the importance of R&D in international agreements and the impact of economic growth in developing countries.

Keywords: Climate change; diffential games; nonrenewable resources (search for similar items in EconPapers)
JEL-codes: C7 Q5 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28164

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