Flam, S.D. (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) |
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Research Programs: | Risk, Modeling and Society (RMS) |
Depositing User: | IIASA Import |
Date Deposited: | 15 Jan 2016 02:13 |
Last Modified: | 27 Aug 2021 17:17 |
URI: | https://pure.iiasa.ac.at/6518 |
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