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来源类型Working Paper
规范类型报告
DOI10.3386/w22240
来源IDWorking Paper 22240
Collective Action in an Asymmetric World
Cuicui Chen; Richard J. Zeckhauser
发表日期2016-05-16
出版年2016
语种英语
摘要A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a central authority, voluntary arrangements must replace coercive ones. Significant under-provision must be expected. International public goods are particularly challenging because of the strong asymmetries among nations. We identify a solution, the Cheap-Riding Efficient Equilibrium, that defines the relative contributions of players in differing size (or preference intensity) to reflect cheap riding incentives, yet still achieves Pareto optimality. Players start by establishing the Alliance/Nash Equilibrium as a base point. From that point they apply either the principles of the Nash Bargaining Solution or the Lindahl Equilibrium to proceed to the Pareto frontier. We apply our theory to climate change mitigation, a critical international public good. Having examined the Nordhaus Climate Club proposal, we test the Alliance/Nash Equilibrium model using individual nations' Intended Nationally Determined Contributions pledged at the Paris Climate Change Conference. As hypothesized, larger nations made much larger pledges in proportion to their Gross National Incomes.
主题Microeconomics ; Game Theory ; International Economics ; Globalization and International Relations ; Public Economics
URLhttps://www.nber.org/papers/w22240
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579914
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GB/T 7714
Cuicui Chen,Richard J. Zeckhauser. Collective Action in an Asymmetric World. 2016.
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