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We develop a model in which states may choose to form coalitions to capture efficiency gains from policy coordination. Joining a coalition entails setting the policy variable to maximize the coalitions' aggregate payoff at a Nash equilibrium against nonmembers, and to commit to a transfer scheme...
Persistent link: https://www.econbiz.de/10014061844
Progressive taxation has historically been discussed primarily in the context of developed, Western nations. This article considers its application in two developing, nonwestern economies, emphasizing differences in political, economic, and (especially) cultural contexts and their effect on the...
Persistent link: https://www.econbiz.de/10013070892
We provide a new framework to account for the diverging paths of political development and state building in China and Japan during the second half of the nineteenth century. The arrival of Western powers not only brought opportunities to adopt new technologies, but also fundamentally threatened...
Persistent link: https://www.econbiz.de/10014132189
This paper examines how border carbon adjustments (BCAs) may address the unintended consequences of uncoordinated global climate action, focusing on the economic implications for Canada. We investigate these implications under different BCA design features and by considering a coalition of...
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