EconPapers    
Economics at your fingertips  
 

A short note on joint welfare maximization assumptions

Dritan Osmani and Richard Tol

No FNU-150, Working Papers from Research unit Sustainability and Global Change, Hamburg University

Abstract: Non-cooperative game theoretical models of international environmental agreements (IEAs) use the assumption that coalition of signatories maximize their joint welfare. The joint maxi- mization assumption is compared with di®erent sharing pro¯t schemes such as Shapley value, Nash bargaining solution and Consensus Value. The results show that the joint welfare max- imization assumption is similar with Nash Bargaining solution.

Keywords: game theory; coalition formation; joint welfare maximization; Shapley value; Nash bargaining solution; Consensus Value; international environmental agreements (search for similar items in EconPapers)
JEL-codes: C02 C72 H41 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2007-10, Revised 2007-10
New Economics Papers: this item is included in nep-env and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.fnu.zmaw.de/fileadmin/fnu-files/publica ... ani_Tol_FNU--150.pdf First version, 2007 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.fnu.zmaw.de:80 (No such host is known. )

Related works:
Journal Article: A Short Note on Joint Welfare Maximization Assumption (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sgc:wpaper:150

Access Statistics for this paper

More papers in Working Papers from Research unit Sustainability and Global Change, Hamburg University Contact information at EDIRC.
Bibliographic data for series maintained by Uwe Schneider ( this e-mail address is bad, please contact ).

 
Page updated 2025-03-22
Handle: RePEc:sgc:wpaper:150