Manoussi, Vassiliki; Xepapadeas, Anastasios (2015): Cooperation and Competition in Climate Change Policies. Mitigation and Climate Engineering when Countries are Asymmetric
Manoussi, Vassiliki; Xepapadeas, Anastasios (2015): Cooperation and Competition in Climate Change Policies. Mitigation and Climate Engineering when Countries are Asymmetric. In Environ Resource Econ. DOI: 10.1007/s10640-015-9956-3
„We study a dynamic game of climate policy design in terms of emissions and solar radiation management (SRM) involving two heterogeneous countries or group of countries. Countries emit greenhouse gasses (GHGs), and can block incoming radiation by unilateral SRM activities, thus reducing global temperature. Heterogeneity is modelled in terms of the social cost of SRM, the environmental damages due to global warming, the productivity of emissions in terms of generating private benefits, the rate of impatience, and the private cost of geoengineering.“