In this paper we apply a coalitional stability analysis to a Cobb-Douglas economy with multilateral environmental externalities. We find that the sequential core of the economy can be unique, empty or nonempty depending on the intensity of agents' preferences on private and public goods.
The sequential core of an economy with environmental externalities / Marini, Marco. - In: ENVIRONMENTAL SCIENCES. - ISSN 1314-765X. - ELETTRONICO. - 2:(2013), pp. 79-82. [10.12988/es.2013.3108]
The sequential core of an economy with environmental externalities
MARINI, MARCO
2013
Abstract
In this paper we apply a coalitional stability analysis to a Cobb-Douglas economy with multilateral environmental externalities. We find that the sequential core of the economy can be unique, empty or nonempty depending on the intensity of agents' preferences on private and public goods.File allegati a questo prodotto
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