Before revision:  With sanctions from member jurisdictions and participating firms, the design has bottom-up incentives for joining, and the incentives rise over time under realistic conditions, potentially resulting in a rush to join. Third, existing designs have high transaction costs for implementation , requiring international treaties to begin. Part 3: A Faster Path Forward addresses this. I propose a path without national or international action to begin. A coalition can implement these rules, creating political force to accelerate participation. Full implementation still requires national agreements.
After revision:  With sanctions from member jurisdictions and participating firms, the design has bottom-up implementation path. A coalition of businesses begin implementation with jurisdictions joining as they are ready. The combination of the selected market rules and the proposed implementation path appear to incentivize participation.