Addressing decarbonization strategies through a game theory perspective

In this talk, Karan Bhuwalka will discuss how a game theory modeling approach to firms’ decision-making can lead to environmental outcomes significantly different from those predicted by system optimization. Karan will present results from a model of four mining companies making production decisions, to show how competitive behavior can lead to overproduction, higher emissions and reduced profits. Analysis will focus on how well-designed policies can prevent excessive impacts.

Speaker: Karan Bhuwalka, Stanford University