Greenhouse Gases, Cooperation, and Exchange

Flam SD (2001). Greenhouse Gases, Cooperation, and Exchange. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-01-002

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Abstract

Emission of uniformly dispersed greenhouse gases is construed here as a cooperative production game, featuring side-payments, quota exchange, uncertainty, and multi-period planning. Stochastic programming offers good instruments to analyze such games. "Absent" efficient markets for emissions, such programming may help to imitate market-like, price-based transfers among concerned parties. "Present" appropriate markets, it may predict equilibrium outcomes. In both cases, shadow values of aggregate emissions define side-payments or prices that yield core solutions.

Item Type: Monograph (IIASA Interim Report)
Research Programs: Risk, Modeling and Society (RMS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:13
Last Modified: 18 Nov 2016 19:10
URI: http://pure.iiasa.ac.at/6518

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