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).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:49:28am WEST
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Daily Overview |
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Game Theory and Fisheries Location: B002 Session Chair: Irina Bakalova, HSE University | |
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Balancing Equity, Efficiency, and Stability: Designing Permit Trading Schemes for Sustainable Climate Cooperation 1: HSE University, Russian Federation; 2: KU Leuven, Belgium This paper demonstrates how emission permit trading systems, with strategically designed initial allocations, can simultaneously balance the competing goals of economic efficiency, distributional equity, and coalition stability. We develop a novel theoretical framework that embeds participation constraints into the welfare optimization problem, ensuring countries voluntarily join a coalition. Using numerical simulation results of a RICE type of integrated assessment model, including climate-induced capital depreciation and total factor productivity growth losses, we determine welfare maximizing initial allocations of permits that address participation constraints and equity concerns. Our findings demonstrate that carefully designed permit allocations can sustain stable international cooperation while preserving climate ambitions. The welfare maximizing permit allocations exhibit a distinct temporal pattern directing permits earlier in time to vulnerable, low-income regions (notably Africa) and later to wealthier regions. | |