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Dynamic Standard Setting for Carbon Dioxide

  • E. Höpfinger

Abstract

Under the assumption that a continuous increase in atmospheric carbon dioxide beyond a critical value, caused by the combustion of fossil fuel, will lead to irreversible and large changes of the climate of the earth, the problem of limiting CO2 emission becomes an urgent concern. The subject of how to determine and adapt an emission standard for carbon dioxide is treated as a three-person infinite stage game, the players of which are the decision units of regulators, producers, and population. After the description of the model solutions are derived for several solution concepts and discussed. In special cases the solutions differ substanially from each other.

Keywords

Carbon Dioxide Equilibrium Point Subjective Probability Solution Concept Component State 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1979

Authors and Affiliations

  • E. Höpfinger
    • 1
  1. 1.Inst, für Wirtschaftstheorie und Operations ResearchUniversität KarlsruheKarlsruhe 1Deutschland

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