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This paper examines leadership in relation to supplying a global public good. Both the Kyoto Protocol and the Paris Agreement encourage the developed countries to take a lead in reducing emissions. Does a country benefit from taking a lead? When does leadership improve global welfare? The answer...
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The International Task Force on Global Public Goods has defined global public goods as, “issues that are broadly … conceived as important to the international community, that for the most part cannot or will not be adequately addressed by … individual countries acting alone and that are defined through a broad international consensus or a legitimate process of …
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We study the effect of leadership in an experimental threshold public "bad" game, where we manipulate both the relative returns of two investments (the more productive of which causes a negative externality) and the extent to which the gains from leadership diffuse to the group. The game...
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