New Strategies for the Provision of Global Public Goods: Learning from International Environmental Challenges

Geoffrey Heal

Working Papers from Columbia - Graduate School of Business

Abstract: The world of public goods has changed in the last quarter century. Many of the changes have their origins in massively increased human impacts on the biosphere, and in particular on important life support systems such as the carbon cycle, and on resources such as biodiversity, which operate as public goods that are privately provided. These goods have quite particular characteristics that may enhance the possibility of reaching durable international agreements concerning their provision. Adoption spillovers are important in this context: they can mitigate the normal free rider effect associated with public good provision. The private production of these public goods makes it natural to seek to use markets to manage their provision.

Keywords: PUBLIC GOODS; ENVIRONMENT; NATURAL RESOURCES (search for similar items in EconPapers)
JEL-codes: H41 Q20 Q30 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1998
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:colubu:98-11

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