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Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - Improving Abatement Levels and Welfare by Coarse Correlation in an Environmental Game
AU - Dokka Venkata Satyanaraya, Trivikram
AU - Moulin, Herve
AU - Ray, Indrajit
AU - Sen Gupta, Sonali
PY - 2019/5
Y1 - 2019/5
N2 - Coarse correlated equilibria (CCE, Moulin and Vial, 1978) can be used to substantially improve upon the Nash equilibrium solution of the well-analysed abatement game (Barrett, 1994). We show this by computing successively the CCE with the largest total utility, the one with the highest possible abatement levels and finally, the one with maximal abatement level while maintaining atleast the level of utility from the Nash outcome.
AB - Coarse correlated equilibria (CCE, Moulin and Vial, 1978) can be used to substantially improve upon the Nash equilibrium solution of the well-analysed abatement game (Barrett, 1994). We show this by computing successively the CCE with the largest total utility, the one with the highest possible abatement levels and finally, the one with maximal abatement level while maintaining atleast the level of utility from the Nash outcome.
KW - Abatement game
KW - Coarse correlated equilibrium
KW - Efficiency gain
M3 - Working paper
T3 - Economics Working Papers Series
BT - Improving Abatement Levels and Welfare by Coarse Correlation in an Environmental Game
PB - Lancaster University, Department of Economics
CY - Lancaster
ER -