Finus, Michael; Ierland, Ekko van - Fondazione ENI Enrico Mattei (FEEM) - 2003
We empirically test stability of climate change coalitions with the STAbility of Coalitions model (STACO). The model … comprises twelve world regions and captures important dynamic aspects of the climate change problem. We apply the stability … concept of internal and external stability to a cartel formation game. It is shown that only if benefits from global abatement …