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	Provedor de dados AgEcon (5) Autor Karp, Larry S. (4) Eyckmans, Johan (1) Finus, Michael (1) Lee, In Ho (1) Mason, Robin (1) Rundshagen, Bianca (1) Mais... Palavra-chave C79 (5) Environmental Economics and Policy (4) Global games (4) Coordination games (3) L51 (3) Multiple equilibria (3) Q58 (3) Tradable permits (3) California AB32 (2) Climate change policies (2) Regulatory uncertainty (2) Algorithm for Computations (1) Congestion (1) Coordination problem (1) Coordination through Moderator (1) D84 (1) H87 (1) Integrated Assessment Model (1) International Climate Agreements (1) International Relations/Trade (1) Mais... Tipo do documento Working or Discussion Paper (4) Conference Paper or Presentation (1) Ano 2009 (1) 2008 (2) 2006 (1) 2003 (1) País United States (5) Idioma Inglês (5)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 5 Primeira ... 1 ... Última Correct (and misleading) argument for using market-based pollution control policies AgEcon Karp, Larry S.. One argument in favor of market based pollution control policies is sometimes exaggerated, and a different argument is usually ignored. Regardless of whether investment is fixed or endogenous, market based policies might lead to a higher or lower equilibrium abatement compared to the level under command and control policies. Therefore, economists should be cautious about trying to convince anti-market environmentalists of the benefit of market based policies on the grounds that these promote environmental goals. However, market based policies reduce regulatory uncertainty. Under command and control emissions policies, there are multiple rational expectations competitive equilibria at the investment stage. From the standpoint of individual firms, this... Tipo: Conference Paper or Presentation Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Regulatory uncertainty; Climate change policies; California AB32; Environmental Economics and Policy; C79; L51; Q58. Ano: 2008 URL: http://purl.umn.edu/6030 Multiplicity of investment equilibria when pollution permits are not tradable AgEcon Karp, Larry S.. We study a model in which the level of environmental regulation depends on abatement costs, which depend on aggregate levels of investment in abatement capital. Firms are non-strategic. When emissions quotas are not tradable, there are multiple competitive equilibria to the investment problem. Allowing trade in permits leads to a unique socially optimal equilibrium. For a given distribution of investment, allowing trade in permits has an ambiguous effect on the optimal level of regulation. Previous results on coordination games with non-atomic agents are applied to the problem of environmental regulation with endogenous investment in abatement capital. Tipo: Working or Discussion Paper Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Environmental Economics and Policy; C79; L51; Q58. Ano: 2006 URL: http://purl.umn.edu/7202 A Global Game with Strategic Substitutes and Complements AgEcon Karp, Larry S.; Lee, In Ho; Mason, Robin. We study a global game in which actions are strategic complements over some region and strategic substitutes over another region. An agent’s payoff depends on a market fundamental and the actions of other agents. If the degree of congestion is sufficiently large, agents’ strategies are non-monotonic in their signal about the market fundamental. In this case, a signal that makes them believe that the market fundamental is more favorable for an action may make them less likely to take the action, because of the risk of overcrowding. Tipo: Working or Discussion Paper Palavras-chave: Global games; Congestion; Coordination problem; International Relations/Trade; C79; D84. Ano: 2003 URL: http://purl.umn.edu/25014 Correct (and misleading) arguments for using market based pollution control policies AgEcon Karp, Larry S.. Disagreement over the form of regulation of greenhouse gasses motivates a comparison of market based and command and control policies. More efficient policies can increase aggregate marginal abatement cost, resulting in higher emissions. Multiple investment equilibria and “regulatory uncertainty” arise when firms anticipate command and control policies. Market based policies eliminate this uncertainty. Command and control policies cause firms to imitate other firms’ investment decisions, leading to similar costs and small potential efficiency gains from trade. Market based policies induce firms to make different investment decisions, leading to different costs and large gains from trade. We imbed the regulatory problem in a “global game” and show that the... Tipo: Working or Discussion Paper Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Regulatory uncertainty; Climate change policies; California AB32; Environmental Economics and Policy; Research Methods/ Statistical Methods; C79; L51; Q58. Ano: 2008 URL: http://purl.umn.edu/42868 Simulating a Sequential Coalition Formation Process for the Climate Change Problem: First Come, but Second Served? AgEcon Finus, Michael; Rundshagen, Bianca; Eyckmans, Johan. We analyze stability of self-enforcing climate agreements based on a data set generated by the CLIMNEG world simulation model (CWSM), version 1.2. We consider two new aspects which appear important in actual treaty-making. First, we consider a sequential coalition formation process where players can make proposals which are either accepted or countered by other proposals. Second, we analyze whether a moderator, like an international organization, even without enforcement power, can improve upon globally suboptimal outcomes through coordinating actions by making recommendations that must be Pareto-improving to all parties. We discuss the conceptual difficulties of implementing our algorithm. Tipo: Working or Discussion Paper Palavras-chave: International Climate Agreements; Sequential Coalition Formation; Coordination through Moderator; Integrated Assessment Model; Algorithm for Computations; Environmental Economics and Policy; C79; H87; Q54. Ano: 2009 URL: http://purl.umn.edu/55830 Registros recuperados: 5 Primeira ... 1 ... Última

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