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| Author: | Wirl, F. |
| Title: | Global warming with green and brown consumers |
| Journal: | Scandinavian Journal of Economics
2011 : DEC, VOL. 113:4, p. 866-884 |
| Index terms: | consumer behaviour global warming air pollution social responsibility |
| Language: | eng |
| Abstract: | In this paper, the extent of green polluters' mitigation to the familiar dynamic 'tragedy of the commons' ('global warming') is examined. Green consumers feel penalized ('pain') for any consumption exceeding the social optimum; possibly arising, for example, from Kant's categorical moral imperative. Interplays among and between green and brown consumers are studied as differential games. Green preferences, the consumers' heterogeneity, and the irreversibility of emissions result in discontinuous strategies. Related with these are a number of non-trivial and even puzzling characteristics (e.g., the chance of another 'green paradox'). |
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