A brave new world? Kantian–Nashian interaction and the dynamics of global climate change mitigation

B-Tier
Journal: European Economic Review
Year: 2017
Volume: 99
Issue: C
Pages: 31-42

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We model game-theoretic situations in which agents motivated by Kantian ethics interact with conventional Nashian agents. We define the concept of generalized Kant–Nash equilibrium which encompasses the Nash equilibrium, the Kantian equilibrium and the Kant–Nash equilibrium as special cases. We show the existence and uniqueness of a Kant–Nash equilibrium in a static game of climate change mitigation, and derive its properties. In a dynamic setting, we analyze a differential game of climate change mitigation in the presence of both types of agents, and compare their Markov emission strategies. For both the static model and the dynamic model, as the population share of Kantians increases, the quality of the environment improves, and both types of agents are better off.

Technical Details

RePEc Handle
repec:eee:eecrev:v:99:y:2017:i:c:p:31-42
Journal Field
General
Author Count
3
Added to Database
2026-01-25