Challenging conventional wisdom : experimental evidence on heterogeneity and coordination in avoiding a collective catastrophic event
by Israel Waichman, Till Requate, Markus Karde and Manfred Milinski
Avoiding a catastrophic climate change event is a global public good characterized by several dimensions, notably heterogeneity between the parties involved. It is often argued that such heterogeneity between countries is a major obstacle to cooperative climate policy. We challenge this belief by experimentally simulating two important heterogeneities, in wealth and loss, when dangerous climate change occurs. We find that under loss heterogeneity the success rate in achieving sufficient mitigation to prevent catastrophic climate change is higher than with homogeneous parties. We also observe that neither endowment heterogeneity nor the combination of endowment and loss heterogeneities lead to significantly different success rates than with homogeneous parties. Our findings suggest that heterogeneities may facilitate rather than hinder successful international climate policy negotiations.
Year of publication: |
2018 ; This version: April 10, 2018
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Authors: | Waichman, Israel ; Requate, Tilman ; Karde, Markus ; Milinski, Manfred |
Publisher: |
[Kiel] : Christian-Albrechts-Universität zu Kiel, Department of Economics |
Subject: | global public good | climate change negotiation | collective-risk social dilemma | endowment heterogeneity | loss heterogeneity | focal point | Klimawandel | Climate change | Öffentliche Güter | Public goods | Experiment | Koordination | Coordination | Spieltheorie | Game theory | Katastrophe | Disaster |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 42 Seiten) Illustrationen |
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Series: | Economics working paper. - Kiel : Univ., Dep. of Economics, ISSN 2193-2476, ZDB-ID 2111620-9. - Vol. no 2018, 05 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
Language: | English |
Other identifiers: | hdl:10419/177618 [Handle] |
Classification: | C92 - Laboratory; Group Behavior ; D74 - Conflict; Conflict Resolution; Alliances ; H41 - Public Goods ; Q54 - Climate; Natural Disasters |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011815758