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Incomplete information in the acid rain game
Authors:George E. Halkos
Affiliation:(1) Department of Environmental Economics and Environmental Management, University of York, U.K.
Abstract:This paper provides a model that attempts to deal with the transboundary nature of the acid rain problem, using a game theoretic approach consistent with mainstream economic theory. The general forms of cooperative and non cooperative equilibria in explicit and implicit set-up of the model are presented under the assumptions of complete and incomplete information.
Keywords:Incomplete information  abatement cost  damage cost
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