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Environmental public good provision under robust decision making

Author

Listed:
  • Konstantinos Angelopoulos
  • George Economides
  • Apostolis Philippopoulos

Abstract

We study public good provision in a two-country dynamic setup with environmental externalities. In this framework, we examine robust decision making under potential misspecification of the process that describes the evolution of the environmental public good. Robust policies, arising from fear of model misspecification, help to correct for the inefficiencies associated with free riding and thus increase the provision of the public good. As a result, there can be welfare gains from robust policies even when the fear of model misspecification proves to be unfounded.

Suggested Citation

  • Konstantinos Angelopoulos & George Economides & Apostolis Philippopoulos, 2017. "Environmental public good provision under robust decision making," Oxford Economic Papers, Oxford University Press, vol. 69(1), pages 118-142.
    • Handle: RePEc:oup:oxecpp:v:69:y:2017:i:1:p:118-142.
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    File URL: http://hdl.handle.net/10.1093/oep/gpw041
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    Cited by:

    1. Fabio Antoniou & Panos Hatzipanayotou & Michael S. Michael & Nikos Tsakiris, 2019. "On the Principles of Commodity Taxation under Interregional Externalities," University of Cyprus Working Papers in Economics 03-2019, University of Cyprus Department of Economics.
    2. Fabio Antoniou & Panos Hatzipanayotou & Michael S. Michael & Nikos Tsakiris, 2022. "Tax competition in the presence of environmental spillovers," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(3), pages 600-626, June.

    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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