Arbeitspapier
Public good provision with robust decision making
In this paper, we study a two-country dynamic setup with environmental externalities and potential model misspecification in relation to this public good. Under model uncertainty, robust policies help to correct the inefficiencies associated with free riding on public good provision, implying that there are welfare benefits from robust policies even when the fear of model misspecification proves to be unfounded. However, the incentive to free ride on the precautionary policies of the other country may discourage the implementation of robust policies, despite their welfare superiority.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 3996
- Classification
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Public Goods
- Subject
-
model uncertainty
externalities
robust policies
- Event
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Geistige Schöpfung
- (who)
-
Angelopoulos, Konstantinos
Economides, George
Philippopoulos, Apostolis
- Event
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Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Angelopoulos, Konstantinos
- Economides, George
- Philippopoulos, Apostolis
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2012
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