Pevnitskaya, Svetlana; Ryvkin, Dmitry - In: Experiments on energy, the environment, and sustainability, (pp. 115-150). 2011
Purpose – This study investigates the effect of heterogeneity in an environment with a dynamic public bad. Methodology/approach – Every period agents decide on own level of production that generates private revenue and emissions. Emissions lead to pollution that acts as a public bad and...