game theory

Climate Politics as a War of Attrition

Don’t expect a quick end to battles over climate policy. It could be a long war.

It may be a mistake to assume that opponents of climate policy will see the handwriting on the wall and gracefully give way to the inevitable. In politics, decisions are rarely made for all time, and agreements between opposing sides may not be enforceable. In such situations, game theorists have proposed war-of-attrition models for conflicts. In …