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Interrelated global crises - climate change, pandemics, loss of ecosystem services and biodiversity - pose risks that demand collective solutions. Uncertainty about others' behavior, coupled with the dependence on some to take collective efforts to mitigate risks for all (e.g. conservation of...
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This paper studies the influence of productivity, pollution sensitivity, and adaptive capacity on optimal mitigation … and adaptation in a two country global pollution model. We investigate the effects of changes of these parameters on the … allocation of emissions, adaptation expenditures, and welfare. In our analysis we distinguish between cooperative and …
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