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Equilibrium Growth. (III) Normative Properties

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

Devoted to establishing the optimality of competitive equilibrium paths of various orders. So far three kinds of equilibrium growth paths have been discussed in the book: the Cassel–von Neumann path ... More


The Tragedy of the Commons

Jean‐Marie Baland and Jean‐Philippe Platteau

in Halting Degradation of Natural Resources: Is There a Role for Rural Communities?

Published in print:
2000
Published Online:
January 2005
ISBN:
9780198290612
eISBN:
9780191601613
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198290616.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter analyses the ‘tragedy of the commons’, which attributes the inefficiency in managing natural resources to the absence of well-defined property rights and the regime of open access that ... More


Equilibrium Growth (II) Hicks‐Malinvaud Trajectories

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Devoted to establishing the existence of competitive equilibrium paths of various orders, and looks in particular at the Hicks–Malinvaud equilibrium growth path. The different sections cover ... More


Analysis of Game-Theoretic Solutions in RICE

Zili Yang

in Strategic Bargaining and Cooperation in Greenhouse Gas Mitigations: An Integrated Assessment Modeling Approach

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262240543
eISBN:
9780262286510
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262240543.003.0005
Subject:
Economics and Finance, Econometrics

This chapter examines the properties of game-theoretic solutions in RICE through sensitivity analysis from an incentive perspective. The issues include intertemporal stability of the grand coalition ... More


Policy Applications of Game-Theoretic Solutions in RICE

Zili Yang

in Strategic Bargaining and Cooperation in Greenhouse Gas Mitigations: An Integrated Assessment Modeling Approach

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262240543
eISBN:
9780262286510
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262240543.003.0006
Subject:
Economics and Finance, Econometrics

This chapter applies the game-theoretic solutions of RICE to some policy-related issues in climate change. It analyzes the difficulties confronted by unilateral actions such as the Kyoto Protocol ... More


The RICE Model

Zili Yang

in Strategic Bargaining and Cooperation in Greenhouse Gas Mitigations: An Integrated Assessment Modeling Approach

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262240543
eISBN:
9780262286510
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262240543.003.0003
Subject:
Economics and Finance, Econometrics

This chapter describes the RICE (Regional Integrated model of Climate and the Economy) model. It implements the cooperative game and its solution concepts in Chapter 2 into the RICE framework. It ... More


Modeling Global Environmental Issues as a Cooperative Game of Stock Externality Provisions

Zili Yang

in Strategic Bargaining and Cooperation in Greenhouse Gas Mitigations: An Integrated Assessment Modeling Approach

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262240543
eISBN:
9780262286510
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262240543.003.0002
Subject:
Economics and Finance, Econometrics

One of the aims of this study is to bridge the gap between integrated assessment and game theoretic modeling. Within the framework of the RICE (Regional Integrated model of Climate and the Economy) ... More


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