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Consider a situation in which countries anticipate an international environmental agreement (IEA) to be in effect sometime in the future. What is the impact of the future IEA on current emissions after its announcement? We show that the answer to this question is ambiguous. We examine four types...
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than usual discount of $10 million among 5 importers. The discount is a result of forming a coalition by 5 current …
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rationality under a certain condition, and well balances the trade-off between coalition effects and externality effects. By …
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