An oracle based method to compute a coupled equilibrium in a model of international climate policy

An oracle based method to compute a coupled equilibrium in a model of international climate policy

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Article ID: iaor2009529
Country: Netherlands
Volume: 5
Issue: 1/2
Start Page Number: 119
End Page Number: 140
Publication Date: Feb 2008
Journal: Computational Management Science
Authors: , , , , ,
Keywords: meteorology
Abstract:

This paper proposes a computational game-theoretic model for the international negotiations that should take place at the end of the period covered by the Kyoto protocol. These negotiations could lead to a self-enforcing agreement on a burden sharing scheme given the necessary global emissions limit that will be imposed when the real extent of climate change is known. The model assumes a non-cooperative behavior of the parties except for the fact that they will be collectively committed to reach a target on total cumulative emissions by the year 2050.

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