| Title | Population growth and technological change in a global warming model |
|---|---|
| ID_Doc | 71215 |
| Authors | Dutta, PK; Radner, R |
| Title | Population growth and technological change in a global warming model |
| Year | 2006 |
| Published | Economic Theory, 29.0, 2 |
| Abstract | Global warming (GW) is now recognized as a significant threat to sustainable development on an international scale. After providing some introductory background material, we introduce a benchmark dynamic game within which to study the GW problem. The model allows for population growth and is subsequently generalized to allow for changes in technology. In each case, a benchmark "Business as Usual" (BAU) equilibrium is analyzed and contrasted with the efficient solution. Furthermore, a complete characterization is provided in the benchmark model of the entire subgame perfect equilibrium value correspondence. |
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