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Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...
Persistent link: https://www.econbiz.de/10012258291
We examine the formation of multilateral, hub-and-spoke and bilateral international R&D strategic alliances (overlapping climate clubs) to reduce CO2 emissions. R&D provision in clubs produces two types of positive externalities: a global public good (i.e., reduction of CO2 emissions) and...
Persistent link: https://www.econbiz.de/10011926354
The purpose of this paper is to indicate how the knowledge of complex systems can be put into practice to counter climate change. A contribution of the paper is to show how individual behaviour, institutional analysis, political science and management can be grounded and integrated into the...
Persistent link: https://www.econbiz.de/10014031829
The purpose of this paper is to apply existing knowledge to counter climate change. The contribution to knowledge is to ground institutional analysis, individual behaviour, political science, economics, management and the management of global sustainability in the practices and science of...
Persistent link: https://www.econbiz.de/10012828532
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This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...
Persistent link: https://www.econbiz.de/10010485531
Climate change and the increasing demand of water intensify the global water cycle, altering the distribution of water in space and time. This is expected to result in wet areas getting wetter and dry areas getting drier (Pan et al., 2015). As water is key to life, water scarcity is likely to...
Persistent link: https://www.econbiz.de/10012612654
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