Dynamic Standard Setting for Carbon Dioxide
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.
KeywordsCombustion Migration Dioxide Nash Librium
Unable to display preview. Download preview PDF.
- Avenhaus, R., S.Fenyi, and H.Frick: Mathematical Treatment of Box Models for the CO2-Cycle of the Earth. Carbon Dioxide, Climate and Society, IIASA Proceedings Series. Ed. by J.Williams, Oxford 1978.Google Scholar
- Avenhaus, R., and E.Höpfinger: A Game-Theoretic Framework for Dynamic Standard Setting Procedures. RM-78–64, International Institute for Applied Systems Analysis, Laxenburg, Austria, 1978.Google Scholar
- Kindler, J.: Definitheitskriterien für nichtstationäre stochastische Spiele. Doctoral thesis, University of Karlsruhe, FRG, 1971.Google Scholar
- Markley, O. W., A.L.Webre, R.C.Carlson, and B.R.Holt: Sociopolitical Impacts of Carbon Dioxide Buildup in the Atmosphere Due to Fossil Fuel Combustion. EGU-6370, Stanford Research Institute, Menlo Park, Calif. 1977.Google Scholar
- Rotty, R.M.: The Atmospheric Consequences of Heavy Dependence on Coal. ORAU/IEA(M) 77–27, Institute for Energy Analysis, Oak Ridge, Tenn., 1977.Google Scholar
- Williams, J.: Introduction to the Climate/Environment Aspects.of CO2 (A Pessimistic View). Carbon Dioxide, Climate and Society, IASA Proceedings Series. Ed. by J.Williams. Oxford 1978.Google Scholar