We prove that every transferable utility (TU) game can be generated by a coalition production economy. Given a TU game …, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced … cover of the given game. Therefore, a Walrasian equilibrium for the induced coalition production economy always exists. The …

General Equilibrium (CGE) GTAP7-based model. We find different incentives for the regions in the climate coalition to raise …. Herein, the strategic use of BTAX (the manipulation of the terms of trade) is stronger for all coalition regions than the … effect. Furthermore, we find different incentives for regions outside the coalition to oppose high BTAX rates: Russia and the …