A group of German researchers at the Potsdam Institute for Climate Impact Research has used game theory

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A group of German researchers at the Potsdam Institute for Climate Impact Research has used game theory in order to explain the failure of multilateral UN talks on global climate change. The researchers explain that “freeriding countries are undermining other countries that want to act.” Explain how the prisoners’ dilemma can be applied here. Explain why the dominant strategy has led to a noncooperative equilibrium.

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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