Climate change: Behavioral responses from extreme events and delayed damages

Riccardo Ghidoni, Giacomo Calzolari () and Marco Casari

Energy Economics, 2017, vol. 68, issue S1, 103-115

Abstract: Understanding how to sustain cooperation in the climate change global dilemma is crucial to mitigate its harmful consequences. Damages from climate change typically occur after long delays and can take the form of more frequent realizations of extreme and random events. These features generate a decoupling between emissions and their damages, which we study through a laboratory experiment. We find that some decision-makers respond to global emissions, as expected, while others respond to realized damages also when emissions are observable. On balance, the presence of delayed/stochastic consequences did not impair cooperation. However, we observed a worrisome increasing trend of emissions when damages hit with delay.

Keywords: Social dilemma; Experiments; Greenhouse gas; Pollution (search for similar items in EconPapers)
JEL-codes: C70 C90 D03 Q54 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988317303705
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Climate Change: Behavioral Responses from Extreme Events and Delayed Damages (2017)
Working Paper: Climate Change: Behavioral Responses from Extreme Events and Delayed Damages (2017)
Working Paper: Climate Change: Behavioral Responses from Extreme Events and Delayed Damages (2017)
Working Paper: Climate change: Behavioral responses from extreme events and delayed damages (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:68:y:2017:i:s1:p:103-115

DOI: 10.1016/j.eneco.2017.10.029

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().