This paper addresses the issue of whether the powers of monitoring compliance and allocating tradeable emissions allowances within a federation of countries should be appointed to a unique federal regulator or decentralized to several local regulators. To this end, we develop a two stage game...

The FEEM report 2019 (Zoboli et al. 2019) proposed to embed the Circular Economy (CE) into a broader NEXUS framework, in which the relationships between the CE transition, the decarbonization transition, and the bioeconomy transition have to be considered in sustainability transition strategies....