Environmental and Resource Economics Seminar: Prof. Michael Finus
| Dates: | 26 May 2016 |
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| Times: | 14:00 - 15:00 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Speaker: | Michael Finus |
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Environmental and Resource Economics Seminar
Speaker: Prof. Michael Finus (University of Bath)
Title: Public Good Agreements under the Weakest-link Technology
Abstract:
We analyze the formation of public good agreements under the weakest-link technology. Coordination of and cooperation on migration policies, money laundering measures and biodiversity conservation efforts are prime examples of this technology. Whereas for symmetric players, policy coordination is not necessary, for asymmetric players cooperation matters but fails, in the absence of transfers. In contrast, with an optimal transfer scheme, asymmetry may not be an obstacle but an asset for cooperation, with even the grand coalition being stable. We characterize various types and degrees of asymmetry and relate them to the stability of agreements and associate gains from cooperation.
Speaker
Michael Finus
Role: Professor of Economics
Organisation: University of Bath
Travel and Contact Information
Find event
G.19
Arthur Lewis Building
Manchester
