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I examine the circumstances under which a sophisticated time-inconsistent decisionmaker (i) will not or (ii) need not severely miscoordinate her behavior across time, in the sense of following a course of action which fails to be Pareto-optimal for the sequence of temporal selves of the...
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This paper explores the role of multilateral transfers in achieving strict Pareto improvements in welfare, focusing on … strict Pareto improvements in welfare may arise from multilateral income transfers when either trade or carbon taxes are …
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welfare gains (Pareto improvements) when emission targets deviate from the global welfare optimum, and there are impediments … is shown that strict Pareto improvements in welfare may arise from multilateral financial transfers when either trade or …
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