On a Boundedly Rational Pareto-Optimal Trade in Emission Reduction

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/13358 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/13358 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/13358 archive 351 disk0/00/00/91/31 2016-01-15 08:43:31 2021-08-27 17:21:08 2016-01-15 08:43:31 monograph show 2 Kryazhimskiy A.V. 1514 On a Boundedly Rational Pareto-Optimal Trade in Emission Reduction pub iis_mod prog_dyn We consider the emission reduction process involving several countries, in which the countries negotiate, in steps, frequently enough, on small, local emission reductions and implement their decisions right away. In every step, the countries either find a mutually acceptable local emission reduction vector and use it as a local emission reduction plan, or terminate the emission reduction process. We prove that the process necessarily terminates in some step and the final total emission reduction vector lies in a small neighborhood of a certain Pareto maximum point in the underlying emission reduction game. We use examples to illustrate some features of the proposed decision making scheme and discuss a way to organize negotiations in every step of the emission reduction process. 2009-06 published IR-09-017 IR-09-017 1393 public interim_report IIASA, Laxenburg, Austria 28 FALSE info:eu-repo/semantics/book