1 – Introduction and Overview
Citations
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Cites background from "1 – Introduction and Overview"
...Rather it is the norm for at least half the world’s population (de Groot and Kroll 1997)....
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Cites background from "1 – Introduction and Overview"
...The literature on the mitigation costs of greenhouse gases (GHG) has been extensively reviewed (Repetto and Austin, 1997; Weyant and Hill, 1999; Lasky, 2003; Fischer and Morgenstern, 2005; Kuik et al., 2009)....
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Cites background from "1 – Introduction and Overview"
...(B5) From (6), (7), (B3) and (B5), we have V H + V L 2 −Vi (p, p) = n 1− δ h p2 + (1− p)2 io ³ V H+V L 2 ´ − h U (p) + δp (1− p) ³ V H + V L ´i 1− δ h p2 + (1− p)2 i = {1− δ [1− 2p (1− p)]} ³ V H+V L 2 ´ − h U (p) + δp (1− p) ³ V H + V L ´i 1− δ h p2 + (1− p)2 i = (1− δ) ³ VH+V L 2 ´ + 2δp (1− p) ³ VH+V L 2 ´ − h U (p) + δp (1− p) ³ V H + V L ´i 1− δ h p2 + (1− p)2 i = h+l 2 − U (p) 1− δ h p2 + (1− p)2 i > 0....
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...Therefore, whether a in (15) is positive or negative, pj in (A4) does not lie in the interval (0, 1)....
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...Moreover, the TTIR equilibrium is symmetric, with each player’s equilibrium randomization probability given by (13) if a = 0 in (15) or by (14) if a 6= 0 in (15)....
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...19 From (15) to (17), we know that c > 0 but that a and b can be either positive, negative or zero....
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...20 From standard results for quadratic equations, we 19A common approach to show the uniqueness of equilibrium is to use the Contraction Mapping Theorem....
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References
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