日前，经济学院助教授洪福海博士与加州大学伯克利分校Larry Karp教授的合作论文“International Environmental Agreements with Mixed Strategies and Investment”被我校经济学国际一类期刊Journal of Public Economics接受发表。
International Environmental Agreements with Mixed Strategies and Investment
Abstract:
We modify a canonical participation game used to study International Environmental Agreements (IEA), considering both mixed and pure strategies at the participation stage, and including a prior cost-reducing investment stage. The use of mixed strategies at the participation stage reverses a familiar result and also reverses the policy implication of that result: with mixed strategies, equilibrium participation and welfare is higher in equilibria that involve higher investment.
JEL classification:C72, H4, Q54
Keywords:International Environmental Agreement,climate agreement,participation game,investment,mixed strategy
