We consider two countries with initially one firm in each country and the possibility for each firm to invest in the other country or commercialize its products, and for workers to immigrate (Common Labor Market; CLM). Interestingly, when firms…
In this article, the authors discuss Russia’s approach to coal in the context of the climate agenda and explain the reasons why Russia will not abandon coal mining in the next 20-30 years. These reasons include the demand in international markets (…