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in a Bertrand game will immiserize that nation, are specified. Second, the effects of pollution control by means of … various price control instruments in a Bertrand game in which governments care about world pollution but polluting firms do … is the most useful pollution control instrument. In contrast, when the two nations are dissimilar, it is shown that there …
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While international trade can offer gains from specialization and access to a wider range of products, it is also closely interlinked with global environmental problems, above all, anthropogenic climate change. This survey provides a structured overview of the economic literature on the...
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