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

Author

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  • Heal, G.

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.

Suggested Citation

  • Heal, G., 1998. "New Strategies for the Provision of Global Public Goods: Learning from International Environmental Challenges," Papers 98-11, Columbia - Graduate School of Business.
  • Handle: RePEc:fth:colubu:98-11
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    Cited by:

    1. Kimiko Terai, 2008. "International Coordination and Domestic Politics," Working Papers 080907, University of California-Irvine, Department of Economics.

    More about this item

    Keywords

    PUBLIC GOODS ; ENVIRONMENT ; NATURAL RESOURCES;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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