Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10399077 | Automatica | 2005 | 13 Pages |
Abstract
This paper proposes a two-player, finite-horizon differential game model to analyze joint implementation in environmental projects, one of the flexible mechanisms considered in the Kyoto Protocol. Our results show that allowing for foreign investments could in some cases increase the welfares of both parties involved in the project. Further, imposing an environmental target constraint does not necessarily deteriorate the payoffs of both players.
Related Topics
Physical Sciences and Engineering
Engineering
Control and Systems Engineering
Authors
Michèle Breton, Georges Zaccour, Mehdi Zahaf,