Population growth and technological change in a global warming model

被引:24
作者
Dutta, Prajit K. [1 ]
Radner, Roy
机构
[1] Columbia Univ, Dept Econ, New York, NY 10025 USA
[2] NYU, Stern Sch Business, New York, NY 10012 USA
关键词
global warming; population growth; dynamic game; subgame perfect equilibrium;
D O I
10.1007/s00199-005-0056-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
Global warming (GW) is now recognized as a significant threat to sustainable development on an international scale. After providing some introductory background material, we introduce a benchmark dynamic game within which to study the GW problem. The model allows for population growth and is subsequently generalized to allow for changes in technology. In each case, a benchmark "Business as Usual" (BAU) equilibrium is analyzed and contrasted with the efficient solution. Furthermore, a complete characterization is provided in the benchmark model of the entire subgame perfect equilibrium value correspondence.
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页码:251 / 270
页数:20
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