Climate clubs in the laboratory

Marco Casari and Alessandro Tavoni ()

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2024, vol. 110, issue C

Abstract: International efforts to mitigate climate change are lagging behind. We study in an experiment a stylized climate club along the line of Nordhaus’s proposal to assess the behavioral effects on cooperation and surplus. We also evaluate in isolation the effects of different elements of the club design. Overall, a climate club increases cooperation but not surplus, with respect to voluntary cooperation in a baseline public good game.

Keywords: Mitigation; International agreements; Sanctions; Climate change (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:110:y:2024:i:c:s2214804324000491

DOI: 10.1016/j.socec.2024.102211

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