FEEM Re3: “Coordinating to Protect the Climate”
Efforts to provide global public goods clash with the challenges of coordinating contributions and distributing costs equitably.
In this experimental setting, the researchers distribute endowments unequally among a group of people who can reach a target sum through successive contributions. Results suggest that coordination-promoting institutions and early redistribution are decisive for the avoidance of global calamities.
Review of Environment, Energy and Economics – Re3