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We envision the creation of a climate liability market to address climate change. Each period, countries would be made liable for their past responsibility in current climate damage. We show that this yields the same first-best incentives to reduce emissions as a Pigovian tax. Also, because...
Persistent link: https://www.econbiz.de/10012971858
Achieving the collective goal of limiting global warming is challenging, as it requires national contributions, whereas the benefits are shared between contributors and free-riders. We model this global climate problem as a collective-risk social dilemma (CRSD), a threshold public good game. Our...
Persistent link: https://www.econbiz.de/10014344926
Using a threshold public good experiment, we examine how varying degrees of inequality in resources and differences in risk of loss among players affect the success of group efforts to avoid a common loss. We find that when the poor face greater risk than the rich, contributions and success in...
Persistent link: https://www.econbiz.de/10013326557
In this experiment, we investigate determinants of the individual demand for voluntary climate change mitigation. Subjects decide between a cash prize and an allowance from the EU Emissions Trading Scheme for one ton of CO2 that will be deleted afterwards. We vary the incentives of the decision...
Persistent link: https://www.econbiz.de/10011300744
Effective communication of risks involved in the climate change discussion is crucial and despite ambitious protection policies, the possibility of irreversible consequences actually occurring can only be diminished but never ruled out completely. We present a laboratory experiment that studies...
Persistent link: https://www.econbiz.de/10011738574
In this study, the real demand for global and local environmental protection in Beijing, China, is elicited and investigated. Participants from Beijing were offered the opportunity to contribute to voluntary climate change mitigation by purchasing permits from two Chinese CO2 emissions trading...
Persistent link: https://www.econbiz.de/10011822023
This paper identifies potential drivers and individuals' willingness to pay (WTP) for offsetting their emissions from traveling. We focus on the effects of framing the polluting activity with different modes of transportation (i.e. bus and plane) and travel occasions (i.e. holiday and...
Persistent link: https://www.econbiz.de/10011642845
Climate challenge can be modelled as a multiplayer prisoner's dilemma where any ecological action - i.e., purchasing an electric car or adopting sustainable life styles - is a costly action in terms of economic resources, time, and effort for individuals. According to the well-known embedded...
Persistent link: https://www.econbiz.de/10013545826
theory and the construal matching premise, we hypothesize that when individuals are faced with an abstract tradeoff between …Der Klimawandel kann auf nationalpolitischer Ebene durch Minderung und Anpassung angegangen werden. Da für beide …?“ beeinflussen. Basierend auf der Construal Level Theory und der Prämisse des Construal Matching hypothetisieren wir, dass, wenn …
Persistent link: https://www.econbiz.de/10014582311
Based on data for more than 2,400 citizens in Japan, this paper empirically examines the effect of climate-related identity in private and organizational contexts on revealed climate protec-tion activities, measured through incentivized donations. To identify causal effects, we include the...
Persistent link: https://www.econbiz.de/10013337354