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We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
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externalities reduce provision levels whenever actors risk falling back behind bystanders. The mere presence of unaffected …
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This paper studies the impact of adaptation on the stability of an international emission agreement. To address this issue we solve a three-stage coalition formation game where in the first stage countries decide whether or not to sign the agreement. Then, in the second stage, signatories...
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goods provision embedded in a social context and find that in the absence of explicit norms externalities have almost no … effect. With an endogenously formed provision norm positive as well as negative externalities dampen provision as compared to … no externalities. We explain the surprisingly low provision under positive externalities by the providers' increased risk …
Persistent link: https://www.econbiz.de/10003877140
Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...
Persistent link: https://www.econbiz.de/10011884418
We study the effect of voting when insiders' public goods provision may affect passive outsiders. Without voting insiders' contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level enhances...
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