Full cooperation applied to environmental improvements

Monique Jeanblanc, Rafał M. Łochowski, and Wojciech Szatzschneider. "Full cooperation applied to environmental improvements." Banach Center Publications 104.1 (2015): 121-131. <http://eudml.org/doc/282173>.

@article{MoniqueJeanblanc2015,
abstract = {We analyse the case of certificates of environmental improvements and full cooperation of two identical agents. We model pollution levels as geometric Brownian motions with quadratic costs of improvements. Our main result is the construction of the optimal improvements strategy in the case of separate actions, collusive actions and fusion. In certain range of the model parameters, the fusion solution generates lower pollution levels than separate and collusive actions.},
author = {Monique Jeanblanc, Rafał M. Łochowski, Wojciech Szatzschneider},
journal = {Banach Center Publications},
language = {eng},
number = {1},
pages = {121-131},
title = {Full cooperation applied to environmental improvements},
url = {http://eudml.org/doc/282173},
volume = {104},
year = {2015},
}

TY - JOUR
AU - Monique Jeanblanc
AU - Rafał M. Łochowski
AU - Wojciech Szatzschneider
TI - Full cooperation applied to environmental improvements
JO - Banach Center Publications
PY - 2015
VL - 104
IS - 1
SP - 121
EP - 131
AB - We analyse the case of certificates of environmental improvements and full cooperation of two identical agents. We model pollution levels as geometric Brownian motions with quadratic costs of improvements. Our main result is the construction of the optimal improvements strategy in the case of separate actions, collusive actions and fusion. In certain range of the model parameters, the fusion solution generates lower pollution levels than separate and collusive actions.
LA - eng
UR - http://eudml.org/doc/282173
ER -