By a survey of a range of existing literatures, this article makes a rough summary for previous theoretical findings about the role of side payment in international environmental agreements. If countries are symmetric...By a survey of a range of existing literatures, this article makes a rough summary for previous theoretical findings about the role of side payment in international environmental agreements. If countries are symmetric, we can hardly exploit the transfer to enhance international cooperation. On the contrary, under asymmetric countries assumption, the side payment is often helpful to obtaining better global outcome in environmental issues. Even though no general theoretical conclusion can be claimed so far, many meaningful implications will be revealed with the going on of this article.展开更多
This paper investigates the structure of the payment card market, with consumers and merchants basing their subscription decisions on different information sets. We find that the market structure depends crucially on ...This paper investigates the structure of the payment card market, with consumers and merchants basing their subscription decisions on different information sets. We find that the market structure depends crucially on the information set on which consumers and merchants base their subscription decisions. In the studied case, we observe that a market with few cards dominating only emerges when decisions are based on very limited information. Under the same conditions using a complete information set, all cards survive in the long run. The use of an agent-based model, focusing on the interactions between merchants and consumers, as a basis for subscription decisions allows us to investigate the dynamics of the market and the effect of the indirect network externalities rather than investigating only equilibrium outcomes.展开更多
文摘By a survey of a range of existing literatures, this article makes a rough summary for previous theoretical findings about the role of side payment in international environmental agreements. If countries are symmetric, we can hardly exploit the transfer to enhance international cooperation. On the contrary, under asymmetric countries assumption, the side payment is often helpful to obtaining better global outcome in environmental issues. Even though no general theoretical conclusion can be claimed so far, many meaningful implications will be revealed with the going on of this article.
文摘This paper investigates the structure of the payment card market, with consumers and merchants basing their subscription decisions on different information sets. We find that the market structure depends crucially on the information set on which consumers and merchants base their subscription decisions. In the studied case, we observe that a market with few cards dominating only emerges when decisions are based on very limited information. Under the same conditions using a complete information set, all cards survive in the long run. The use of an agent-based model, focusing on the interactions between merchants and consumers, as a basis for subscription decisions allows us to investigate the dynamics of the market and the effect of the indirect network externalities rather than investigating only equilibrium outcomes.
