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A brave new world? Kantian-Nashian interaction and the dynamics of global climate change mitigation

Grafton, Quentin; Kompas, Tom; Long, Ngo Van

Description

We model game-theoretic situations in which agents motivated by Kantian ethics interact with conventional Nashian agents. We define the concept of generalized Kant-Nash equilibrium which encompasses the Nash equilibrium, the Kantian equilibrium and the Kant-Nash equilibrium as special cases. We show the existence and uniqueness of a Kant-Nash equilibrium in a static game of climate change mitigation, and derive its properties. In a dynamic setting, we analyze a differential game of climate...[Show more]

dc.contributor.authorGrafton, Quentin
dc.contributor.authorKompas, Tom
dc.contributor.authorLong, Ngo Van
dc.date.accessioned2021-04-27T01:20:50Z
dc.identifier.issn0014-2921
dc.identifier.urihttp://hdl.handle.net/1885/231010
dc.description.abstractWe model game-theoretic situations in which agents motivated by Kantian ethics interact with conventional Nashian agents. We define the concept of generalized Kant-Nash equilibrium which encompasses the Nash equilibrium, the Kantian equilibrium and the Kant-Nash equilibrium as special cases. We show the existence and uniqueness of a Kant-Nash equilibrium in a static game of climate change mitigation, and derive its properties. In a dynamic setting, we analyze a differential game of climate change mitigation in the presence of both types of agents, and compare their Markov emission strategies. For both the static model and the dynamic model, as the population share of Kantians increases, the quality of the environment improves, and both types of agents are better off
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherElsevier
dc.rights© 2017 Elsevier B.V.
dc.sourceEuropean Economic Review
dc.subjectClimate change
dc.subjectKantian equilibrium
dc.subjectSocial norms
dc.subjectDynamic games
dc.titleA brave new world? Kantian-Nashian interaction and the dynamics of global climate change mitigation
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume99
dc.date.issued2017
local.identifier.absfor220303 - Environmental Philosophy
local.identifier.absfor220101 - Bioethics (human and animal)
local.identifier.ariespublicationa383154xPUB5826
local.publisher.urlhttp://www.journals.elsevier.com/european-economic-review/
local.type.statusPublished Version
local.contributor.affiliationGrafton, Quentin, College of Asia and the Pacific, ANU
local.contributor.affiliationKompas, Thomas, College of Asia and the Pacific, ANU
local.contributor.affiliationLong, Ngo Van, McGill University
local.description.embargo2099-12-31
local.bibliographicCitation.startpage31
local.bibliographicCitation.lastpage42
local.identifier.doi10.1016/j.euroecorev.2017.04.002
dc.date.updated2020-11-23T10:04:25Z
local.identifier.scopusID2-s2.0-85018393120
CollectionsANU Research Publications

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