Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Dynamic games in resource management and climate policy Location: Lab 1 Session Chair: Arnaud Zlatko Dragicevic, Chulalongkorn University | |
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Joining or waiting? -- Modeling climate negotiations in continuous time University of Hagen, Germany We introduce a novel climate coalition formation game in continuous time. The model makes the negotiation process during which countries join the coalition explicit. This yields a more realistic description of actual negotiations. In our model, countries are free to decide whether and when to join the coalition. Compared to other models, this leads to a fundamental change in countries' trade-offs and allows for the formation of large coalitions, including the grand coalition, in equilibrium. Relaxing the usual assumption of simultaneous participation decisions, our model thus offers a new resolution to the ``Paradox of International Agreements'' (Kolstad and Toman 2005). Using mixed strategies, our model can also explain delays in climate negotiations, as well as their possible failure on the equilibrium path. | |