Environmental public good provision under robust decision making

C-Tier
Journal: Oxford Economic Papers
Year: 2017
Volume: 69
Issue: 1
Pages: 118-142

Authors (3)

Konstantinos Angelopoulos (not in RePEc) George Economides (Athens University of Economics) Apostolis Philippopoulos (not in RePEc)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

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

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.

Technical Details

RePEc Handle
repec:oup:oxecpp:v:69:y:2017:i:1:p:118-142.
Journal Field
General
Author Count
3
Added to Database
2026-01-25