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Environmental and Resource Economics Seminar: Prof. Michael Finus

Dates:26 May 2016
Times:14:00 - 15:00
What is it:Seminar
Organiser:School of Social Sciences
Speaker:Michael Finus
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  • In group "(SoSS) Economics - environmental"
  • In group "(SoSS) Economics"
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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

  • http://www.bath.ac.uk/economics/staff/michael-finus/

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G.19
Arthur Lewis Building
Manchester

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Prasenjit Banerjee

01613066916

prasenjit.banerjee@manchester.ac.uk

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