Climate change and game theory

Peter J Wood

    Research output: Contribution to journalArticle

    Abstract

    This paper examines the problem of achieving global cooperation to reduce greenhouse gas emissions. Contributions to this problem are reviewed from noncooperative game theory, cooperative game theory, and implementation theory. We examine the solutions to games where players have a continuous choice about how much to pollute, as well as games where players make decisions about treaty participation. The implications of linking cooperation on climate change with cooperation on other issues, such as trade, are also examined. Cooperative and noncooperative approaches to coalition formation are investigated in order to examine the behavior of coalitions cooperating on climate change. One way to achieve cooperation is to design a game, known as a mechanism, whose equilibrium corresponds to an optimal outcome. This paper examines some mechanisms that are based on conditional commitments, and their policy implications. These mechanisms could make cooperation on climate change mitigation more likely.
    Original languageEnglish
    Pages (from-to)153-170
    JournalAnnals of the New York Academy of Sciences
    Volume1219
    Issue number1
    DOIs
    Publication statusPublished - 2011

    Fingerprint Dive into the research topics of 'Climate change and game theory'. Together they form a unique fingerprint.

    Cite this