Strategic information acquisition and the mitigation of global warming

Strategische Informationsakquise und der Kampf gegen den Klimawandel

Florian Morath

Discussion Papers, Research Unit: Market Processes and Governance from WZB Berlin Social Science Center

Abstract: We consider the strategic role of uncertainty and information acquisition for the mitigation of global warming which is modeled using a standard framework for private provision of a public good. Prior to the voluntary contribution mechanism, we allow for investments in information about the country-specific benefit of reductions of the emissions of greenhouse gases. We show that information acquisition has a substantial strategic value in the following interaction. Countries may prefer not to learn their valuation of the public good even if information acquisition does not involve a direct cost. This strategic information choice may further decrease the efficiency of the public good provision.

Keywords: Private provision of public goods; environmental public goods; information acquisition; uncertainty; global warming (search for similar items in EconPapers)
JEL-codes: D83 H41 Q54 (search for similar items in EconPapers)
Date: 2008
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Related works:
Journal Article: Strategic information acquisition and the mitigation of global warming (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:wzbmpg:spii200811

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