This paper explores how threshold uncertainty affects cooperative behaviors in each of public goods provision and public bads prevention. The following facts motivate our study. First, resource and environmental problems can be either framed as public bads prevention or public goods provision....

The marketable permits systems have been widely suggested as a potential solution for environmental problems. A critical feature in the market is that an agent can be both sellers and buyers of permits, so-called "trader settings." Although properties 10 of the marketable permits in non-trader...