Will GEO work? -- An economist view
Authors: Smirnov A, Obersteiner M
Publication Year: 2009
Reference: Proceedings from the 33rd International Symposium on Remote Sensing of Environment (ISRSE-33) "Sustaining the Millennium Development Goals",
4-8 May 2009, Stresa, Italy
[ISBN 978-0-932913-13-5] www.geo-bene.eu/files/papers/408_A.Smirnov.pdf
Abstract
In this paper we use a game-theoretical approach to model a global partnership in building global earth observation system. Our analysis of possible equilibrium solutions shows that only in the case of similar economies we will observe cooperation behavior (when all invest into global system) and otherwise we will observe free-riding. However uncertainty in environmental risks valuing can provide a strong incentive for free-riders to cooperate.
KEYWORDS: Economic growth; Uncertainty; Natural disasters; Preventive measures; Game theory; Self-enforcing cooperation
KEYWORDS: Economic growth; Uncertainty; Natural disasters; Preventive measures; Game theory; Self-enforcing cooperation
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