In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts …

environmental agreements ; coalition formation ; transboundary pollution ; environmental policy coordination …

This paper analyses endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners … market. The equilibrium coalition outcome is either between the two most efficient firms, or a coalition with all three firms …. The two-firm coalition is the preferred outcome of a welfare maximising authority if ex ante marginal cost is sufficiently …