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- Title
Population growth and technological change in a global warming model.
- Authors
Dutta, Prajit; Radner, Roy
- Abstract
Global warming (GW) is now recognized as a significant threat to sustainable development on an international scale. After providing some introductory background material, we introduce a benchmark dynamic game within which to study the GW problem. The model allows for population growth and is subsequently generalized to allow for changes in technology. In each case, a benchmark “Business as Usual” (BAU) equilibrium is analyzed and contrasted with the efficient solution. Furthermore, a complete characterization is provided in the benchmark model of the entire subgame perfect equilibrium value correspondence.
- Subjects
GLOBAL warming; GLOBAL temperature changes; CLIMATOLOGY; SUSTAINABLE development; BENCHMARKING (Management); INDUSTRIAL policy; ECONOMIC development &; the environment
- Publication
Economic Theory, 2006, Vol 29, Issue 2, p251
- ISSN
0938-2259
- Publication type
Article
- DOI
10.1007/s00199-005-0056-4