cooperation between the members of the community thus maximizing the socioeconomic profit for all the involved parties in a …

contract enforcement, countries may distort investment in order to increase their bargaining power, resulting in overinvestment … potential to improve efficiency through dynamic cooperation is large. In reality, however, only modest improvements over the non …-cooperative solution have been achieved. -- Multilateral bargaining ; hold-up ; irreversible investment ; collusion …

losses with respect to a full cooperation agreement. Finally, we quantify the optimal admission requirement in about 40 …

able to reduce free-riding incentives and may facilitate cooperation (or at least coordination) at the extensive margin of … findings provide evidence that small countries with low bargaining power rather opt for large minimum membership requirements …

able to reduce free-riding incentives and may facilitate cooperation (or at least coordination) at the extensive margin of … findings provide evidence that small countries with low bargaining power rather opt for large minimum membership requirements …

of the Lindahl Equilibrium or the Nash Bargaining Solution to proceed to the Pareto frontier. The former benefits from … its focal-point properties; the latter is a standard analytic tool addressing bargaining. We apply our theory to climate …

international climate cooperation. In addition to the US decision not to ratify the Kyoto Protocol, New Zealand and Australia … recently led to the formation of a new alliance in which technological cooperation is the main tool to achieve GHG emission … permit market despite the opposition of the federal government. Cooperation on climate policy is also the objective of recent …