Upward reaction functions would turn a “flight game” into an emission “match” game and could promote the stability of climate coalitions. J Appl Econom 9 (1):19-47 The equivalence of the two games can be easily deduced from the FOCs of the M+A game, and the demonstration is identical to Bayramoglu et al (2018), which is why we let them go. The final equilibrium level will be the same as long as the adjustment is not chosen before the reduction….