of the standalone deposit purchase policy either no coalition is stable or the grand coalition is the only stable … coalition. If the two-instrument policy is implemented, all countries inside and outside the coalition are better off than in …

-cooperative solution yields the best results, the noncooperative solution fares worst and the coalition games lie in between, with a broad … coalition of the fiscally more responsible countries and the central bank against the less thrifty countries coming closest to …

The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity … production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to … or export subsidy is positive but smaller than the coalition's implicit emission price. With a linear …