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:
 Games with Multiple Equilibria

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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

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