Chapter

Games with Multiple Equilibria

Scott Barrett

in Environment and Statecraft

Published in print November 2005 | ISBN: 9780199286096
Published online October 2005 | e-ISBN: 9780191602832 | DOI: http://dx.doi.org/10.1093/0199286094.003.0004
 Games with Multiple Equilibria

More Like This

Show all results sharing this subject:

  • Economic Development and Growth

GO

Show Summary Details

Preview

This chapter explains that some international environmental problems are characterized by multiple equilibria, meaning that more than one outcome can be sustained by the anarchic international system. Some problems just happen to be chicken and coordination games. Others can sometimes be manipulated, by means of a treaty, to resemble games of these types. Case studies include the setting of aviation and automobile standards.

Keywords: chicken game; coordination game; mixed strategies; correlated strategies; standards agreements; harmonization; geography

Chapter.  10708 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.