@inproceedings{2db2e08db53a4ac3bab7bb5bf1c1edbf,
title = "Modelling environmental cooperation on reciprocal emission reduction via virtual market system",
abstract = "Mainstream economic theory views international agreements on reduction of trans-boundary pollution as a Pareto-optimal outcome of negotiations among self-interested parties. This paper elaborates that notion by modelling negotiation as a multilateral trade in reciprocal emission reductions within the framework of non-cooperative games. A simulation of negotiations on joint reduction of sulphur dioxide emissions in Europe is carried out. The question is whether economic theory's postulate of Pareto-efficient international conventions on pollution reduction are adequate and do explain actual commitments of the parties. We verify by comparing the Pareto-optimal simulation with the actual emission reduction commitments made in the Second Sulphur Protocol (SSP, 1994) and find that for SSP joint benefits exceed joint costs but some countries have negative benefits.",
keywords = "non-cooperative games, international environmental policy, emission reduction exchange",
author = "Andries Nentjes and Sergey Shibayev",
year = "2006",
language = "English",
isbn = "978-90-8686-588-8",
series = "Mansholt Publication Series",
publisher = "Wageningen Academic Publishers",
pages = "297--309",
editor = "G Meijer and WJM Heijman and JAC VanOphem and BHJ Verstegen",
booktitle = "HETERODOX VIEWS ON ECONOMICS AND THE ECONOMY OF THE GLOBAL SOCIETY",
note = "8th Conference of the International-Society-for-Intercommunication-of-New-Ideas (ISINI) ; Conference date: 25-08-2005 Through 26-08-2005",
}