Challenging conventional wisdom : experimental evidence on heterogeneity and coordination in avoiding a collective catastrophic event
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: |
[2019]
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Authors: | Waichman, Israel ; Requate, Tilman ; Karde, Markus ; Milinski, Manfred |
Publisher: |
[Kiel] : Kiel Centre for Globalization |
Subject: | global public good | change negotiation | collective-risk social dilemma | endowmentheterogeneity | loss heterogeneity | focal point | Öffentliche Güter | Public goods | Experiment | Spieltheorie | Game theory | Koordination | Coordination |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 43 Seiten) Illustrationen |
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Series: | KCG working paper. - [Kiel] : [KCG], ZDB-ID 2925625-2. - Vol. no. 19 (September 2019) |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
Language: | English |
Other identifiers: | hdl:10419/205134 [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/10012112504