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control are analysed. A non-cooperative approach to coalition formation is used to analyse profitability and stability of the … countries, carbon leakage reduces the size of the equilibrium coalition and even the likelihood of a successful negotiation. On …
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Free riding and coordination difficulties are held to be the primary causes of cooperation breakdown among nonrelatives. These thwarting effects are particularly severe in the absence of effective monitoring institutions capable of sanctioning deviant behavior. Unfortunately, solutions to global...
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