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Endogenous firm location is analyzed in a discrete two-region-two-firm model of product differentiation. In a non-cooperative game, two regional governments first decide on the imposition (or lifting) of domestic production standards; firms then choose technology (clean or polluting), location...
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The loss of international competitiveness of domestic industries remains a key obstacle to the implementation of effective carbon prices in a world without harmonized climate policies. We analyze countries' non-cooperative choices of emissions taxes under imperfect competition and mobile...
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Brexit. We combine Evolutionary Game Theory (EGT) and spatial Agent-based Simulation (ABS) approaches with input …
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coordination game with and without strategic uncertainty. The latter is distinguished from risk and is modeled by means of the … choquet expected utility theory. For the case of no Uncertainty, multiple Pareto-Ranked equilibria arises. The study of the …
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Strategies of international risk management, as the implementation of tradable emission permits, feed back to the … enforcement of environmental treaties critically depends on the type and the intensity of national risk preferences. Assuming that … the 'global alliance of risk' decreases with each co-operative contribution, risk aversion is a prerequisite for enhancing …
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