Strategic information acquisition and the mitigation of global warming

Arbeitspapier

We consider the strategic role of uncertainty and information acquisition for the mitigation of global warming which is modeled using a standard framework for private provision of a public good. Prior to the voluntary contribution mechanism, we allow for investments in information about the country-specific benefit of reductions of the emissions of greenhouse gases. We show that information acquisition has a substantial strategic value in the following interaction. Countries may prefer not to learn their valuation of the public good even if information acquisition does not involve a direct cost. This strategic information choice may further decrease the efficiency of the public good provision.

Object Details

• Alternative title: Strategische Informationsakquise und der Kampf gegen den Klimawandel
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WZB Discussion Paper ; No. SP II 2008-11

Classification and Topics

• Classification: Wirtschaft ; Public Goods ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness ; Climate; Natural Disasters and Their Management; Global Warming
• Subject: Private provision of public goods ; environmental public goods ; information acquisition ; uncertainty ; global warming

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Morath, Florian
• Event: Veröffentlichung
• (who): Wissenschaftszentrum Berlin für Sozialforschung (WZB)
• (where): Berlin
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/51090
• Last update: 10.03.2025, 11:45 AM CET