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Strategic information acquisition and the mitigation of global warming

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  • Morath, Florian
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    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. -- Diese Arbeit untersucht die strategische Bedeutung von Unsicherheit und Informationsakquise für den Kampf gegen den Klimawandel, der im Standardrahmen der privaten Bereitstellung eines öffentlichen Gutes abgebildet wird. Bevor die Beiträge zum öffentlichen Gut auf freiwilliger Basis gewählt werden, haben Länder die Möglichkeit, in Information über den länderspezifischen Nutzen einer Reduzierung der CO2-Emissionen zu investieren. Es wird gezeigt, dass der Informationsakquise ein substantieller strategischer Wert in der nachgelagerten Interaktion zukommt. Selbst wenn durch die Informationsakquise keine direkten Kosten anfallen, können Länder es vorziehen, ihre Bewertung des öffentlichen Gutes nicht zu erfahren. Diese strategische Informationsentscheidung kann die Effizienz der Bereitstellung des öffentlichen Gutes zusätzlich beeinträchtigen.

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    Bibliographic Info

    Paper provided by Social Science Research Center Berlin (WZB) in its series Discussion Papers, Research Unit: Market Processes and Governance with number SP II 2008-11.

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    Date of creation: 2008
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    Handle: RePEc:zbw:wzbmpg:spii200811

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    Keywords: Private provision of public goods; environmental public goods; information acquisition; uncertainty; global warming;

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