This paper deals with an application of stochastic game methods to thedesign of optimal timing of investments in “clean” energy. The model wepropose contribute to the design of self-enforcing international environmentalagreement in the context of the current post-Kyoto negotiations on climatechange. The numerical simulations we present embody in particularthe fundamental economy/environment trade-off that is faced by the differenteconomies in the world.
展开▼
