Negotiation and Optimality in an Economic Model of Global Climate Change
Hans W. Gottinger
Precautionary Principle,self-protection,self-insurance,comparative statics,information structure
Climate Change and Sustainable Development
We suggest a two-country, two-sector model as a basis for the control of global climate change in which the dynamic time path of the world economy is analysed under the provision that the outcomes of a negotiation game generate the global optimal solution.