For some reason, I forgot to advertise the results of the "talk" that I led at MSRI's workshop on Economic Games and Mechanisms to Address Climate Change.
Although the title of my talk was "Discussion: Climate change dynamics in theory, experiments and reality," I turned it into non-ludic game in which China and the US negotiated a climate change treaty.
I was curious to see how the best mathematicians and economists in the world would resolve these opposing interests, but the results exceeded -- in an amusing way -- even my cynicism.
Rene Carmona of Princeton led the China team and Bard Harstad of Kelogg led the US team.
Watch the video of negotiations. Impatient folks should skip to 27:00, where the US offers $10 trillion/year to get its way -- and "wins". (Yes, that's about 75% of US GDP, but the US team claims it's China's money -- because China is buying US debt. Sound familiar?)
Bottom Line Forget morals, rights, justice, theory or efficiency. Money talks in these negotiations.