Environment game gives taste of treaties

Climate treaties and approaching catastrophes

If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries’ behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower, treaties typically fail to help countries cooperate to avoid catastrophe, sustaining only modest cuts in emis...

Treaties: Behaviour-Controlling Capabilities

Conventional approaches to access-control, such as ACLs, do not scale well enough for distributed systems. Capabilities on the other hand offer scalability and adaptability advantages in large-scale distributed environments due to their being held and managed by the system’s users/agents rather than by the middleware. However the structure of capabilities is only able to provide simple sequence...

Vienna Conference on the Law of Treaties

Biding Strategy in Restructured Environment of Power Market Using Game Theory

In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...

Orchestra of Treaties: A Future Climate Regime Scenario with Multiple Treaties among Like-minded Countries

The Orchestra of Treaties scenario emerges if countries share the following principles for re-building the climate regime: (1) recognize the sovereignty concerns attending energy policies; (2) build upon national interests in technology and development; (3) avoid conflicts and enhance cooperation by appropriately framing core issues; and (4) address not only short-term emission cuts but also lo...