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countries is self-enforcing. It is shown that there always exists a rather small stable tax coalition. For some subset of the … parameter space the grand coalition may be stable as well, even if the total number of countries is large. The small stable … coalition is not very effective in mitigating the inefficiency of the non-cooperative Nash equilibrium. The ineffectiveness is …
Persistent link: https://www.econbiz.de/10010199703
We augment the standard cartel formation game from non-cooperative coalition theory, often applied in the context of … international environmental agreements on climate change, with the possibility that singletons support coalition formation without … becoming coalition members themselves. Rather, their support takes the form of a monetary transfer to the coalition, which …
Persistent link: https://www.econbiz.de/10011444079
Consider a situation in which countries anticipate an international environmental agreement (IEA) to be in effect sometime in the future. What is the impact of the future IEA on current emissions after its announcement? We show that the answer to this question is ambiguous. We examine four types...
Persistent link: https://www.econbiz.de/10011565652
This paper studies within a multi-country model with international trade the stability of international environmental agreements (IEAs) when countries regulate carbon emissions either by taxes or caps. Regardless of whether coalitions play Nash or are Stackelberg leaders the principal message is...
Persistent link: https://www.econbiz.de/10010404554
integrated with climate dynamics, a grand climate coalition or multiple climate coalitions may form in equilibrium, but if the …
Persistent link: https://www.econbiz.de/10013205091
This paper considers endogenous coalition formations and endogenous technology choices in a model of private provision … contributions by a strategic incentive to adopt lower technology to motivate coalition building by other nations, which in the end …
Persistent link: https://www.econbiz.de/10012643560
In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how … of the prize often takes place after the coalition formation stage. This creates the possibility for some players to ask … strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …
Persistent link: https://www.econbiz.de/10012494898
policy. To this end, we expand the modest coalition formation game, in which countries first decide on whether to join an … and emissions. We find that strategic delegation crowds out all efforts to increase coalition sizes by less ambitious …
Persistent link: https://www.econbiz.de/10012388125
multilateral coalitional structures are not stable; however, the size of the stable coalition increases as the economy expands. …
Persistent link: https://www.econbiz.de/10011926354
with respect to both emissions and membership. In that encompassing IEA game the size of the coalition is increasing in the … values, the grand coalition may or may not be attained if one of the moral parameter increases and tends towards one. …
Persistent link: https://www.econbiz.de/10013453815