Incomplete information in the acid rain game |
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Authors: | George E. Halkos |
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Affiliation: | (1) Department of Environmental Economics and Environmental Management, University of York, U.K. |
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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. |
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Keywords: | Incomplete information abatement cost damage cost |
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