A Voting Architecture for the Governance of Free-Driver Externalities, with Application to Geoengineering

B-Tier
Journal: Scandanavian Journal of Economics
Year: 2015
Volume: 117
Issue: 4
Pages: 1049-1068

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abating climate change is an enormous international public-goods problem with a classical “free-rider” structure. However, it is also a global “free-driver” problem because geoengineering the stratosphere with reflective particles to block incoming solar radiation is so cheap that it could essentially be undertaken unilaterally by one state perceiving itself to be in peril. This exploratory paper develops the main features of a free-driver externality in a simple model motivated by the asymmetric consequences of type-I and type-II errors. I propose a social-choice decision architecture, embodying the solution concept of a supermajority voting rule, and derive its basic properties.

Technical Details

RePEc Handle
repec:bla:scandj:v:117:y:2015:i:4:p:1049-1068
Journal Field
General
Author Count
1
Added to Database
2026-01-29