The Economics of Globally Shared and Public Goods

Description

The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared goods such as climate change and global catastrophes, The Economics of Globally Shared and Public Goods provides a path toward greater co-operation and shared successes. Title-page_2020_The-Economics-of-Globally-Shared-and-Public-Goods The Economics of Globally Shared and Public Goods Copyright_2020_The-Economics-of-Globally-Shared-and-Public-Goods Copyright Dedication_2020_The-Economics-of-Globally-Shared-and-Public-Goods Dedication Contents_2020_The-Economics-of-Globally-Shared-and-Public-Goods Contents About-the-author_2020_The-Economics-of-Globally-Shared-and-Public-Goods About the author Preface_2020_The-Economics-of-Globally-Shared-and-Public-Goods Preface 1---An-introduction-to-the-challenges-of-public-_2020_The-Economics-of-Globa 1 An introduction to the challenges of public and globally shared goods in economics and policy-making 1.1 Introduction 1.2 Public goods and globally shared goods examined 1.3 The furor, dances, and charade over global public goods 1.4 The economic theories of public goods 1.5 Three critiques 1.6 The economics of globally shared goods 1.7 Structure of the book References Further reading 2---The-economics-of-public-goods-a_2020_The-Economics-of-Globally-Shared-an 2 The economics of public goods and club goods 2.1 The emergence of the term public goods 2.2 Samuelson’s pure theory 2.3 Friedman’s public sector versus private sector 2.4 Club goods 2.5 An efficient provision versus market provision of a public good 2.6 Policy instruments for providing the public good optimally 2.7 Morality, private provision, specialized markets 2.8 Valuation methods 2.9 Uncertainty and policy options 2.10 Wealth redistributions and policy options 2.11 Concluding remarks References 3---The-economics-of-global-scale-public-go_2020_The-Economics-of-Globally-S 3 The economics of global-scale public goods: key challenges and theories 3.1 Introduction 3.2 Spatio-political scales of a public good 3.3 Global public goods 3.4 Production technologies 3.5 A globally harmonized carbon price or tax 3.6 Economics of the value of time 3.7 Uncertainty, catastrophe, and precautionary principle 3.8 Optimal mutually beneficial monetary transfers 3.9 The public sector for global public goods 3.10 Conclusion References 4---A-critique-of-the-economics-of-global-publ_2020_The-Economics-of-Globall 4 A critique of the economics of global public goods: a microbehavioral theory and model 4.1 Introduction 4.2 A theory of the microbehavioral economics of globally shared goods 4.3 The microbehavioral economic model 4.4 Empirical analyses of the microbehavioral model 4.5 Adaptation behaviors and strategies in the microbehavioral model 4.5.1 Adopting livestock species 4.5.2 Switching agricultural systems 4.5.3 Switching agricultural systems under increased climate risk scenarios 4.5.4 Switching to natural resource intensive enterprises 4.5.5 Public adaptations 4.6 Microbehavioral models in the economics of global public goods 4.7 Mitigation and sinks in the microbehavioral model References 5---A-critique-of-the-economics-of-global-publ_2020_The-Economics-of-Globall 5 A critique of the economics of global public goods: economics of noncooperative games 5.1 Introduction 5.2 The premise of cooperation in the theory of global public goods 5.3 The parameters of contention in the cooperative DICE model 5.4 An analysis of noncooperation: disparate incentives of parties under a business-as-usual scenario 5.5 An analysis of noncooperation: alterations of incentives under a globally optimal policy scenario 5.6 Optimal monetary transfers or a climate club 5.7 Concluding remarks References 6---A-critique-of-the-economics-of-global-publi_2020_The-Economics-of-Global 6 A critique of the economics of global public goods: the economics of a global public good fund 6.1 Introduction 6.2 Global public good funds 6.2.1 Types of a public good fund 6.2.2 Green climate fund 6.2.3 Allocating the green climate fund: investment criteria 6.2.4 Funding models of the green climate fund 6.3 The economics behind the green climate fund as a policy alternative 6.3.1 Economics of public expenditure 6.3.2 Economics of efficient land and resource uses 6.3.3 Economics of public adaptation 6.4 Evaluation 1: A public adaptation theory test 6.5 Evaluation 2: a public expenditure theory test 6.6 Evaluation 3: a land/resource use efficiency theory test 6.7 International fairness in the theory of a global public good fund References 7---The-economics-of-globally-sha_2020_The-Economics-of-Globally-Shared-and- 7 The economics of globally shared goods 7.1 Introduction 7.2 Globally shared goods 7.3 Microbehavioral decisions for a globally shared good 7.4 The economics of foresight for a globally shared good 7.5 The economics of greenhouse technologies 7.6 Additional clarifications References 8---Extensions-of-the-economic-theory-to-a-_2020_The-Economics-of-Globally-S 8 Extensions of the economic theory to a basket of globally shared goods 8.1 Introduction 8.2 The basket of globally shared challenges examined 8.3 An economics of globally shared goods analysis of the protection against asteroids 8.4 An economics of globally shared goods analysis of nuclear nonproliferation and disarmaments 8.5 An economics of globally shared goods analysis of the strangelet and a runaway catastrophe 8.6 An economics of globally shared goods analysis of the artificial intelligence and superintelligent robots 8.7 Evaluating the four extensions of the theory 8.8 Final words on the economics of globally shared and public goods References Appendix-A---A-succinct-mathematical-disproo_2020_The-Economics-of-Globally- Appendix A A succinct mathematical disproof of the dismal theorem of economics A.1 The dismal theorem A.2 A heuristic of the dismal theorem A.3 Adaptation deltas A.4 A disproof of the dismal theorem References Index_2020_The-Economics-of-Globally-Shared-and-Public-Goods Index